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The closing price of Vita Coco Company Inc (NASDAQ: COCO) was $29.61 for the day, up 0.17% from the previous closing price of $29.56. In other words, the price has increased by $0.17 from its previous closing price. On the day, 0.91 million shares were traded. COCO stock price reached its highest trading level at $30.35 during the session, while it also had its lowest trading level at $29.1401.
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 10.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.28. For the most recent quarter (mrq), Quick Ratio is recorded 2.63 and its Current Ratio is at 3.28. 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 Oct 29 ’24 when Burth Jonathan sold 5,051 shares for $30.27 per share. The transaction valued at 152,874 led to the insider holds 116,849 shares of the business.
Burth Jonathan sold 1,400 shares of COCO for $42,059 on Oct 28 ’24. The Chief Operating Officer now owns 121,900 shares after completing the transaction at $30.04 per share. On Oct 30 ’24, another insider, CHARLES VAN ES, who serves as the Officer of the company, bought 9,500 shares for $30.78 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 1679828608 and an Enterprise Value of 1523456768. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.65, and their Forward P/E ratio for the next fiscal year is 26.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.40 while its Price-to-Book (P/B) ratio in mrq is 6.66. Its current Enterprise Value per Revenue stands at 3.079 whereas that against EBITDA is 20.041.
Stock Price History:
Over the past 52 weeks, COCO has reached a high of $31.54, while it has fallen to a 52-week low of $19.41. The 50-Day Moving Average of the stock is 6.46%, while the 200-Day Moving Average is calculated to be 14.41%.
Shares Statistics:
COCO traded an average of 480.01K shares per day over the past three months and 514930 shares per day over the past ten days. A total of 56.90M shares are outstanding, with a floating share count of 38.34M. Insiders hold about 32.47% of the company’s shares, while institutions hold 61.90% stake in the company. Shares short for COCO as of 1728950400 were 5642397 with a Short Ratio of 11.75, compared to 1726185600 on 5465782. Therefore, it implies a Short% of Shares Outstanding of 5642397 and a Short% of Float of 20.07.
