A new trading day began on Tuesday, with Vita Coco Company Inc (NASDAQ: COCO) stock price down -3.39% from the previous day of trading, before settling in for the closing price of $25.09. COCO’s price has ranged from $19.41 to $33.29 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 14.92% over the past five years. Meanwhile, its annual earnings per share averaged 13.42%. With a float of $38.12 million, this company’s outstanding shares have now reached $56.90 million.
Let’s look at the performance matrix of the company that is accounted for 294 employees.
Vita Coco Company Inc (COCO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Beverages – Non-Alcoholic Industry. The insider ownership of Vita Coco Company Inc is 32.75%, while institutional ownership is 55.94%. The most recent insider transaction that took place on Apr 04 ’24, was worth 445,117. In this transaction Executive Chairman of this company sold 17,767 shares at a rate of $25.05, taking the stock ownership to the 615,681 shares. Before that another transaction happened on Apr 03 ’24, when Company’s Director sold 6,915 for $25.00, making the entire transaction worth $172,889. This insider now owns 985,729 shares in total.
Vita Coco Company Inc (COCO) Latest Financial update
In its latest quarterly report, released on 12/31/2023, the company reported earnings of 0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.42% per share during the next fiscal year.
Vita Coco Company Inc (NASDAQ: COCO) Trading Performance Indicators
Here are Vita Coco Company Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.78. Likewise, its price to free cash flow for the trailing twelve months is 12.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.79, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 1.04 in one year’s time.
Technical Analysis of Vita Coco Company Inc (COCO)
Vita Coco Company Inc (NASDAQ: COCO) saw its 5-day average volume 0.59 million, a negative change from its year-to-date volume of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 74.95%. Additionally, its Average True Range was 0.80.
During the past 100 days, Vita Coco Company Inc’s (COCO) raw stochastic average was set at 51.41%, which indicates a significant increase from 47.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.41% in the past 14 days, which was lower than the 41.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.39, while its 200-day Moving Average is $25.60. Nevertheless, the first resistance level for the watch stands at $25.01 in the near term. At $25.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.59. If the price goes on to break the first support level at $23.43, it is likely to go to the next support level at $22.63. The third support level lies at $21.86 if the price breaches the second support level.
Vita Coco Company Inc (NASDAQ: COCO) Key Stats
With a market capitalization of 1.37 billion, the company has a total of 56,684K Shares Outstanding. Currently, annual sales are 493,610 K while annual income is 46,630 K. The company’s previous quarter sales were 106,140 K while its latest quarter income was 6,770 K.
