Vita Coco Company Inc (NASDAQ: COCO) is -6.26% lower on its value in year-to-date trading and has touched a low of $19.41 and a high of $37.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COCO stock was last observed hovering at around $34.70 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $34.60, the stock is -1.61% and -2.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.29% at the moment leaves the stock 18.64% off its SMA200. COCO registered 36.76% gain for a year compared to 6-month gain of 33.44%. The firm has a 50-day simple moving average (SMA 50) of $35.5432 and a 200-day simple moving average (SMA200) of $29.165026.
The stock witnessed a -5.98% loss in the last 1 month and extending the period to 3 months gives it a 17.53%, and is 3.04% 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 3.56% over the week and 3.28% over the month.
Vita Coco Company Inc (COCO) has around 294 employees, a market worth around $1.96B and $494.86M in sales. Current P/E ratio is 34.49 and Fwd P/E is 30.63. Profit margin for the company is 11.99%. Distance from 52-week low is 78.26% and -8.65% from its 52-week high. The company has generated returns on investments over the last 12 months (23.54%).
with sales reaching $120.21M over the same period.The EPS is expected to grow by 24.78% this year, but quarterly earnings will post 3.33% year-over-year. Quarterly sales are estimated to grow 13.25% in year-over-year returns.
Vita Coco Company Inc (COCO) Top Institutional Holders
271.0 institutions hold shares in Vita Coco Company Inc (COCO), with institutional investors hold 94.83% of the company’s shares. The shares outstanding are 56.73M, and float is at 38.88M with Short Float at 15.07%. Institutions hold 82.71% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.93 million shares valued at $81.69 million. The investor’s holdings represent 5.1831% of the COCO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.45 million shares valued at $68.14 million to account for 4.3234 of the shares outstanding. The other top investors are FMR LLC which holds 2.3 million shares representing 4.0586% and valued at over $63.96 million, while AMERIPRISE FINANCIAL INC holds 3.093 of the shares totaling 1.75 million with a market value of $48.75 million.
Vita Coco Company Inc (COCO) Insider Activity
The most recent transaction is an insider sale by Burth Jonathan, the company’s Chief Operating Officer. SEC filings show that Burth Jonathan sold 200 shares of the company’s common stock on Jan 02 ’25 at a price of $37.52 per share for a total of $7505.0. Following the sale, the insider now owns 0.1 million shares.
Vita Coco Company Inc disclosed in a document filed with the SEC on Dec 19 ’24 that Liran Ira (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Dec 19 ’24 and was made at $35.58 per share for $1.07 million. Following the transaction, the insider now directly holds 0.85 million shares of the COCO stock.
Still, SEC filings show that on Dec 17 ’24, ROPER MARTIN F (Chief Executive Officer) disposed off 15,000 shares at an average price of $36.38 for $0.55 million. The insider now directly holds 294,025 shares of Vita Coco Company Inc (COCO).
