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The closing price of Vita Coco Company Inc (NASDAQ: COCO) was $27.66 for the day, down -9.07% from the previous closing price of $30.42. In other words, the price has decreased by -$9.07 from its previous closing price. On the day, 1.0 million shares were traded. COCO stock price reached its highest trading level at $29.43 during the session, while it also had its lowest trading level at $27.64.
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 12.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.13. 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.
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 the company, Piper Sandler on July 12, 2024, Downgraded its rating to Neutral and sets its target price to $28 from $29 previously.
On February 29, 2024, Stephens Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $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 Jul 11 ’24 when van Es Charles sold 500 shares for $31.00 per share. The transaction valued at 15,500 led to the insider holds 97,668 shares of the business.
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 Jun 18 ’24, another insider, Liran Ira, who serves as the Director of the company, sold 42,000 shares for $29.53 each. As a result, the insider received 1,240,260 and left with 943,729 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 1567879424 and an Enterprise Value of 1444922240. As of this moment, Vita’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.14, and their Forward P/E ratio for the next fiscal year is 24.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.16 while its Price-to-Book (P/B) ratio in mrq is 7.48. Its current Enterprise Value per Revenue stands at 2.916 whereas that against EBITDA is 20.71.
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 -0.19%, while the 200-Day Moving Average is calculated to be 7.30%.
Shares Statistics:
COCO traded an average of 600.36K shares per day over the past three months and 678000 shares per day over the past ten days. A total of 56.90M shares are outstanding, with a floating share count of 38.21M. Insiders hold about 32.59% of the company’s shares, while institutions hold 56.11% stake in the company. Shares short for COCO as of 1719532800 were 6558621 with a Short Ratio of 10.92, compared to 1717113600 on 6161972. Therefore, it implies a Short% of Shares Outstanding of 6558621 and a Short% of Float of 23.41.
Earnings Estimates
The current rating of Vita Coco Company Inc (COCO) is the result of assessments by 8.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.23, while EPS last year was $0.31. The consensus estimate for the next quarter is $0.32, with high estimates of $0.36 and low estimates of $0.29.
Analysts are recommending an EPS of between $1.0 and $0.89 for the fiscal current year, implying an average EPS of $0.94. EPS for the following year is $1.09, with 8.0 analysts recommending between $1.24 and $0.98.
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 $145.5M to a low estimate of $141M. As of the current estimate, Vita Coco Company Inc’s year-ago sales were $129.32MFor the next quarter, 9 analysts are estimating revenue of $143.51M. There is a high estimate of $146.48M for the next quarter, whereas the lowest estimate is $139.7M.
A total of 10 analysts have provided revenue estimates for COCO’s current fiscal year. The highest revenue estimate was $514.2M, while the lowest revenue estimate was $505.6M, resulting in an average revenue estimate of $509.58M. In the same quarter a year ago, actual revenue was $493.61MBased on 10 analysts’ estimates, the company’s revenue will be $561.84M in the next fiscal year. The high estimate is $579.87M and the low estimate is $546.8M.
