The closing price of Vita Coco Company Inc (NASDAQ: COCO) was $23.83 for the day, down -1.73% from the previous closing price of $24.25. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 578925 shares were traded.
Ratios:
Our analysis of COCO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.72. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 21 ’24 when Liran Ira sold 2,780 shares for $25.04 per share. The transaction valued at 69,620 led to the insider holds 992,644 shares of the business.
Kirban Michael sold 2,562 shares of COCO for $64,168 on Mar 21 ’24. The Executive Chairman now owns 640,348 shares after completing the transaction at $25.05 per share. On Mar 20 ’24, another insider, Kirban Michael, who serves as the Executive Chairman of the company, sold 13,573 shares for $25.03 each. As a result, the insider received 339,773 and left with 642,910 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 1.36B and an Enterprise Value of 1.23B. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.08, and their Forward P/E ratio for the next fiscal year is 22.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75 while its Price-to-Book (P/B) ratio in mrq is 6.70. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 20.91.
Stock Price History:
The Beta on a monthly basis for COCO is 0.16, which has changed by 19.21% over the last 52 weeks, in comparison to a change of 29.19% over the same period for the S&P500. Over the past 52 weeks, COCO has reached a high of $33.29, while it has fallen to a 52-week low of $19.06. The 50-Day Moving Average of the stock is 22.83, while the 200-Day Moving Average is calculated to be 25.90.
Shares Statistics:
COCO traded an average of 744.35K shares per day over the past three months and 630.18k shares per day over the past ten days. A total of 56.90M shares are outstanding, with a floating share count of 35.22M. Insiders hold about 38.11% of the company’s shares, while institutions hold 55.80% stake in the company. Shares short for COCO as of Feb 29, 2024 were 4.73M with a Short Ratio of 6.36, compared to 4.51M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.31% and a Short% of Float of 16.32%.
Earnings Estimates
The firm’s stock currently is rated by 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 $0.3, with high estimates of $0.35 and low estimates of $0.28.
Analysts are recommending an EPS of between $0.96 and $0.81 for the fiscal current year, implying an average EPS of $0.89. EPS for the following year is $1.04, with 9 analysts recommending between $1.15 and $0.94.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. 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 1.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $142.4M, an increase of 10.10% over than the figure of $1.80% in the same quarter last year. There is a high estimate of $144.09M 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 $505.5M, while the lowest revenue estimate was $497.5M, resulting in an average revenue estimate of $503.42M. 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 $556.17M 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 10.50% from the average revenue estimate for this year.
