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The closing price of Vita Coco Company Inc (NASDAQ: COCO) was $26.27 for the day, down -0.49% from the previous closing price of $26.40. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 0.51 million shares were traded. COCO stock price reached its highest trading level at $26.445 during the session, while it also had its lowest trading level at $25.23.
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 9.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.91. For the most recent quarter (mrq), Quick Ratio is recorded 2.79 and its Current Ratio is at 3.31. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on July 24, 2024, Reiterated its Buy rating but revised its target price to $31 from $35 previously.
On July 12, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $29 to $28.
Stephens Upgraded its Equal-Weight to Overweight on February 29, 2024, while the target price for the stock was maintained at $31.
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 Sep 10 ’24 when Ricalde Rowena bought 3,479 shares for $26.00 per share.
van Es Charles sold 4,372 shares of COCO for $131,160 on Jul 10 ’24. The Chief Sales Officer now owns 97,668 shares after completing the transaction at $30.00 per share. On Jul 11 ’24, another insider, van Es Charles, who serves as the Chief Sales Officer of the company, sold 500 shares for $31.00 each. As a result, the insider received 15,500 and left with 97,668 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 1499052928 and an Enterprise Value of 1341585792. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.11, and their Forward P/E ratio for the next fiscal year is 24.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 6.43. Its current Enterprise Value per Revenue stands at 2.683 whereas that against EBITDA is 17.001.
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 $19.41. The 50-Day Moving Average of the stock is 0.66%, while the 200-Day Moving Average is calculated to be 2.96%.
Shares Statistics:
COCO traded an average of 621.01K shares per day over the past three months and 569010 shares per day over the past ten days. A total of 56.90M shares are outstanding, with a floating share count of 38.28M. Insiders hold about 32.59% of the company’s shares, while institutions hold 61.17% stake in the company. Shares short for COCO as of 1723680000 were 5778065 with a Short Ratio of 9.30, compared to 1721001600 on 7037425. Therefore, it implies a Short% of Shares Outstanding of 5778065 and a Short% of Float of 20.549999.
