In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Vita Coco Company Inc (NASDAQ: COCO) closed at $26.59 in the last session, up 1.30% from day before closing price of $26.25. In other words, the price has increased by $1.30 from its previous closing price. On the day, 0.54 million shares were traded. COCO stock price reached its highest trading level at $26.64 during the session, while it also had its lowest trading level at $26.13.
Ratios:
We take a closer look at COCO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.51. For the most recent quarter (mrq), Quick Ratio is recorded 2.64 and its Current Ratio is at 3.38. In the meantime, Its Debt-to-Equity ratio is 0.00 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 04 ’24 when Kirban Michael sold 17,767 shares for $25.05 per share. The transaction valued at 445,117 led to the insider holds 615,681 shares of the business.
Liran Ira sold 6,915 shares of COCO for $172,889 on Apr 03 ’24. The Director now owns 985,729 shares after completing the transaction at $25.00 per share. On Apr 03 ’24, another insider, Kirban Michael, who serves as the Executive Chairman of the company, sold 6,900 shares for $25.00 each. As a result, the insider received 172,521 and left with 633,448 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 1507227520 and an Enterprise Value of 1364997760. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.98, and their Forward P/E ratio for the next fiscal year is 23.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 7.19. Its current Enterprise Value per Revenue stands at 2.755 whereas that against EBITDA is 19.565.
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 6.54%, while the 200-Day Moving Average is calculated to be 3.77%.
Shares Statistics:
According to the various share statistics, COCO traded on average about 672.96K shares per day over the past 3-months and 782330 shares per day over the past 10 days. A total of 56.90M shares are outstanding, with a floating share count of 38.12M. Insiders hold about 32.75% of the company’s shares, while institutions hold 55.56% stake in the company. Shares short for COCO as of 1713139200 were 5669532 with a Short Ratio of 8.42, compared to 1710460800 on 5205875. Therefore, it implies a Short% of Shares Outstanding of 5669532 and a Short% of Float of 20.23.
