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Vita Coco Company Inc (NASDAQ: COCO) closed the day trading at $28.83 up 1.37% from the previous closing price of $28.44. In other words, the price has increased by $1.37 from its previous closing price. On the day, 0.61 million shares were traded. COCO stock price reached its highest trading level at $29.05 during the session, while it also had its lowest trading level at $27.41.
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 10.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.27. 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:
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 Sep 16 ’24 when Liran Ira sold 30,000 shares for $27.36 per share. The transaction valued at 820,890 led to the insider holds 913,729 shares of the business.
Betz LLC, for the Ira Liran 20 bought 30,000 shares of COCO for $822,000 on Sep 16 ’24. On Sep 10 ’24, another insider, Ricalde Rowena, who serves as the Officer of the company, bought 3,479 shares for $26.00 each.
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 1637033728 and an Enterprise Value of 1486948480. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.85, and their Forward P/E ratio for the next fiscal year is 26.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.27 while its Price-to-Book (P/B) ratio in mrq is 7.06. Its current Enterprise Value per Revenue stands at 2.974 whereas that against EBITDA is 18.843.
Stock Price History:
Over the past 52 weeks, COCO has reached a high of $31.42, while it has fallen to a 52-week low of $19.41. The 50-Day Moving Average of the stock is 10.86%, while the 200-Day Moving Average is calculated to be 13.20%.
Shares Statistics:
Over the past 3-months, COCO traded about 595.58K shares per day on average, while over the past 10 days, COCO traded about 602530 shares per day. A total of 56.90M shares are outstanding, with a floating share count of 38.31M. Insiders hold about 32.53% of the company’s shares, while institutions hold 61.21% stake in the company. Shares short for COCO as of 1724976000 were 5665024 with a Short Ratio of 9.51, compared to 1722384000 on 6500878. Therefore, it implies a Short% of Shares Outstanding of 5665024 and a Short% of Float of 20.150000000000002.
