Vita Coco Company Inc (COCO) Stock Rated Buy by Jefferies

Jefferies has recently reiterated Vita Coco Company Inc (COCO) stock to Buy rating, as announced on July 24, 2024, according to Finviz. Earlier, on July 12, 2024, Piper Sandler had reduced the stock from a Overweight to Neutral, setting a price target of $28 for COCO stock. Stephens also raised rating with a price target of $31. Additionally, William Blair reduced Mkt Perform rating on January 22, 2024. Jefferies analysts, in their report published on November 13, 2023, also initiated Buy rating and set a price target of $33 for Vita Coco Company Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Vita Coco Company Inc (COCO) Stock Trading Recap

On Wednesday, Vita Coco Company Inc (COCO) stock saw a decline, ending the day at $29.56 which represents a decrease of $-1.22 or -3.96% from the prior close of $30.78. The stock opened at $31 and touched a low of $29.28 during the day, reaching a high of $31.54. The volume of shares traded was 1.75 million exceeding the average volume of 0.47 million.

COCO Stock Performance and Moving Averages

In recent trading, Vita Coco Company Inc (COCO) stock price has shown some volatility, fluctuating 1.44% over the last five trades and 5.08% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 13.00%, and it has gained 11.34% in the previous three months. Currently, COCO is trading at 1.89%, 6.61%, and 14.31% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, COCO, a Consumer Defensive sector stock, is trading -5.93% below its 52-week high but remains 52.29% above its 52-week low. The Average True Range (ATR) (14 days) of 1 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Vita Coco Company Inc’s Profitability and Valuation Ratios

Vita Coco Company Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 15.58% and a profit margin of 11.05%, with a gross margin of 13.00%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Vita Coco Company Inc’s market capitalization stands at $1.68 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 31.64, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 26.63. Additionally, the Price-to-Sales Ratio is 3.36, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 7.23, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 32.47% of Vita Coco Company Inc (COCO)’s shares, while financial institutions hold 61.93%.

Notable insider trades include Burth Jonathan, Chief Operating Officer at Vita Coco Company Inc (COCO), who sold 5051 shares on Oct 29 ’24, at $30.27 each, totaling $0.15 million. On Sep 16 ’24, Liran Ira, Director, sold 30000 shares for $27.36 each, amounting to $0.82 million. Additionally, on Jul 10 ’24, van Es Charles sold 4372 shares at $30 each, generating $0.13 million.

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