While Vita Coco Company Inc has underperformed by -4.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, COCO fell by -4.47%, with highs and lows ranging from $40.32 to $24.09, whereas the simple moving average jumped by 1.52% in the last 200 days.
On January 27, 2025, Stephens Downgraded Vita Coco Company Inc (NASDAQ: COCO) to Equal-Weight. A report published by Jefferies on July 24, 2024, Reiterated its previous ‘Buy’ rating for COCO. Piper Sandler also Downgraded COCO shares as ‘Neutral’, setting a target price of $28 on the company’s shares in a report dated July 12, 2024. William Blair January 22, 2024d its ‘Outperform’ rating to ‘Mkt Perform’ for COCO, as published in its report on January 22, 2024. Jefferies’s report from November 13, 2023 suggests a price prediction of $33 for COCO shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of Vita Coco Company Inc (COCO)
Further, the quarter-over-quarter increase in sales is 17.10%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Vita Coco Company Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 24.35% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and COCO is recording an average volume of 703.40K. On a monthly basis, the volatility of the stock is set at 3.40%, whereas on a weekly basis, it is put at 4.58%, with a loss of -6.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.56, showing growth from the present price of $35.26, which can serve as yet another indication of whether COCO is worth investing in or should be passed over.
How Do You Analyze Vita Coco Company Inc Shares?
Vita Coco Company Inc (COCO) is based in the USA and is one of the most prominent companies operating in the Beverages – Non-Alcoholic market. When comparing Vita Coco Company Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 32.65, there is a growth in quarterly earnings of 19.17%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 23.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
