Currently, there are 57.02M common shares owned by the public and among those 42.73M shares have been available to trade.
The company’s stock has a 5-day price change of 1.63% and -4.11% over the past three months. COCO shares are trading -1.92% year to date (YTD), with the 12-month market performance up to 35.94% higher. It has a 12-month low price of $23.56 and touched a high of $40.32 over the same period. COCO has an average intraday trading volume of 875.30K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.12%, 10.49%, and 11.20% respectively.
Institutional ownership of Vita Coco Company Inc (NASDAQ: COCO) shares accounts for 65.11% of the company’s 57.02M shares outstanding.
It has a market capitalization of $2.05B and a beta (3y monthly) value of 0.39. The stock’s trailing 12-month PE ratio is 35.56, while the earnings-per-share (ttm) stands at $1.02. The company has a PEG of 1.91 and a Quick Ratio of 2.81 with the debt-to-equity ratio at 0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.97% over the week and 2.41% over the month.
Earnings per share for the fiscal year are expected to increase by 21.38%, and 17.35% over the next financial year. EPS should shrink at an annualized rate of 18.58% over the next five years, compared to 40.94% over the past 5-year period.
Looking at the support for the COCO, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on January 27, 2025, with the firm’s price target at $36. Jefferies coverage for the Vita Coco Company Inc (COCO) stock in a research note released on July 24, 2024 offered a Buy rating with a price target of $31. Piper Sandler was of a view on July 12, 2024 that the stock is Neutral, while Stephens gave the stock Overweight rating on February 29, 2024, issuing a price target of $31. William Blair on their part issued Mkt Perform rating on January 22, 2024.
