Vita Coco Company Inc (NASDAQ: COCO) is 1.99% higher on its value in year-to-date trading and has touched a low of $19.41 and a high of $33.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COCO stock was last observed hovering at around $24.24 in the last trading session, with the day’s gains setting it 1.92%.
Currently trading at $26.16, the stock is 6.70% and 7.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing 7.92% at the moment leaves the stock 2.17% off its SMA200. COCO registered 20.17% gain for a year compared to 6-month gain of 11.94%.
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The stock witnessed a 7.79% loss in the last 1 month and extending the period to 3 months gives it a 32.86%, and is 8.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.56% over the week and 3.66% over the month.
Vita Coco Company Inc (COCO) has around 294 employees, a market worth around $1.48B and $493.61M in sales. Current P/E ratio is 33.02 and Fwd P/E is 24.52. Profit margin for the company is 9.45%. Distance from 52-week low is 34.78% and -21.42% from its 52-week high. The company has generated returns on investments over the last 12 months (22.98%).
The EPS is expected to grow by 17.12% this year
The shares outstanding are 56.90M, and float is at 38.12M with Short Float at 14.87%.
Vita Coco Company Inc (COCO) Insider Activity
The most recent transaction is an insider sale by Kirban Michael, the company’s Executive Chairman. SEC filings show that Kirban Michael sold 17,767 shares of the company’s common stock on Apr 04 ’24 at a price of $25.05 per share for a total of $0.45 million. Following the sale, the insider now owns 0.62 million shares.
Vita Coco Company Inc disclosed in a document filed with the SEC on Apr 03 ’24 that Liran Ira (Director) sold a total of 6,915 shares of the company’s common stock. The trade occurred on Apr 03 ’24 and was made at $25.00 per share for $0.17 million. Following the transaction, the insider now directly holds 0.99 million shares of the COCO stock.
Still, SEC filings show that on Apr 03 ’24, Kirban Michael (Executive Chairman) disposed off 6,900 shares at an average price of $25.00 for $0.17 million. The insider now directly holds 633,448 shares of Vita Coco Company Inc (COCO).
