You might want to take a look at The Vita Coco Company Inc. (COCO) now

The Vita Coco Company Inc. (NASDAQ: COCO) stock jumped 8.98% on Wednesday to $11.53 against a previous-day closing price of $10.58. With 0.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.28 million shares. During the session, the Beverages – Non-Alcoholic company that operates in wider Consumer Defensive sector, reached to the highest price of $11.57 whereas the lowest price it dropped to was $10.65. The 52-week range on COCO shows that it touched its highest point at $16.57 and its lowest point at $7.39 during that stretch. It currently has a 1-year price target of $13.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COCO was up-trending over the past week, with a rise of 8.77%, but this was up by 8.98% over a month. Three-month performance dropped to -27.39% while six-month performance rose 0.44%. The stock lost -16.81% in the past year, while it has gained 3.22% so far this year. A look at the trailing 12-month EPS for COCO yields 0.13 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.04. This implies an EPS growth rate of -40.40% for this year and 119.57% for next year.

Float and Shares Shorts:

At present, 55.79 million COCO shares are outstanding with a float of 45.13 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.47 million, which was 4.43% higher than short shares on Sep 14, 2022. In addition to Mr. Michael Kirban as the firm’s Co-Founder, Exec. Chairman, Pres & Co-CEO, Mr. Martin F. Roper serves as its Co-CEO & Director.

Institutional Ownership:

Through their ownership of 53.04% of COCO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.62% of COCO, in contrast to 12.75% held by mutual funds. Shares owned by individuals account for 11.71%. As the largest shareholder in COCO with 3.89% of the stake, Granahan Investment Management, L holds 2,164,836 shares worth 2,164,836. A second-largest stockholder of COCO, Lord, Abbett & Co. LLC, holds 1,693,436 shares, controlling over 3.04% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in COCO, holding 1,472,162 shares or 2.65% stake. With a 1.80% stake in COCO, the JNL Multi-Manager Small Cap Growt is the largest stakeholder. A total of 1,002,679 shares are owned by the mutual fund manager. The Granahan Funds Plc – US SMID Sele, which owns about 1.23% of COCO stock, is the second-largest Mutual Fund holder. It holds 684,518 shares valued at 7.02 million. Vanguard Total Stock Market Index holds 1.18% of the stake in COCO, owning 654,853 shares worth 6.72 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COCO since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COCO analysts setting a high price target of $15.00 and a low target of $12.00, the average target price over the next 12 months is $13.00. Based on these targets, COCO could surge 30.1% to reach the target high and rise by 4.08% to reach the target low. Reaching the average price target will result in a growth of 12.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. COCO will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $0.25 being high and $0.15 being low. For COCO, this leads to a yearly average estimate of $0.22. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The Vita Coco Company Inc. surprised analysts by -$0.03 when it reported $0.13 EPS against a consensus estimate of $0.16. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.04.

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