Vita Coco Company Inc (NASDAQ: COCO) closed the day trading at $26.15 up 0.19% from the previous closing price of $26.10. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 856800 shares were traded.
Ratios:
For a better understanding of COCO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.96. For the most recent quarter (mrq), Quick Ratio is recorded 2.55 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On November 13, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $33.Jefferies initiated its Buy rating on November 13, 2023, with a $33 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 19 when Kirban Michael sold 60,000 shares for $26.42 per share. The transaction valued at 1,585,260 led to the insider holds 675,681 shares of the business.
Liran Ira sold 42,000 shares of COCO for $1,109,640 on Dec 19. The Director now owns 1,027,729 shares after completing the transaction at $26.42 per share. On Dec 19, another insider, Liran Ira, who serves as the Director of the company, sold 13,998 shares for $26.39 each. As a result, the insider received 369,407 and left with 659,940 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COCO now has a Market Capitalization of 1.49B and an Enterprise Value of 1.36B. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.01, and their Forward P/E ratio for the next fiscal year is 25.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 7.35. Its current Enterprise Value per Revenue stands at 2.75 whereas that against EBITDA is 23.13.
Stock Price History:
Over the past 52 weeks, COCO has reached a high of $33.29, while it has fallen to a 52-week low of $14.55. The 50-Day Moving Average of the stock is 23.05, while the 200-Day Moving Average is calculated to be 25.95.
Shares Statistics:
Over the past 3-months, COCO traded about 738.81K shares per day on average, while over the past 10 days, COCO traded about 1.08M shares per day. A total of 56.90M shares are outstanding, with a floating share count of 34.92M. Insiders hold about 38.63% of the company’s shares, while institutions hold 55.82% stake in the company. Shares short for COCO as of Feb 15, 2024 were 4.29M with a Short Ratio of 5.81, compared to 5.05M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.56% and a Short% of Float of 14.87%.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.12, while EPS last year was $0.12. The consensus estimate for the next quarter is $0.31, with high estimates of $0.35 and low estimates of $0.29.
Analysts are recommending an EPS of between $0.96 and $0.82 for the fiscal current year, implying an average EPS of $0.88. EPS for the following year is $1.03, with 9 analysts recommending between $1.15 and $0.94.
Revenue Estimates
9 analysts predict $111.56M in revenue for the current quarter. It ranges from a high estimate of $113.18M to a low estimate of $109M. As of the current estimate, Vita Coco Company Inc’s year-ago sales were $109.76M, an estimated increase of 1.60% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $142.55M, an increase of 10.20% over than the figure of $1.60% in the same quarter last year. There is a high estimate of $144.37M for the next quarter, whereas the lowest estimate is $140M.
A total of 10 analysts have provided revenue estimates for COCO’s current fiscal year. The highest revenue estimate was $505.53M, while the lowest revenue estimate was $497.5M, resulting in an average revenue estimate of $503.62M. In the same quarter a year ago, actual revenue was $493.61M, up 2.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $557.96M in the next fiscal year. The high estimate is $574.8M and the low estimate is $540.33M. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.
