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Wednesday, September 27, 2023

The Vita Coco Company Inc. (COCO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Vita Coco Company Inc. (COCO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.40, or 1.27%, to $31.87. The The Vita Coco Company Inc. has recorded 3,851 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that This World Coconut Day, Visit “The Coconut Grove” from Vita Coco on Roblox for a New Giant Coconut, Fun Prizes, and To Give Back to Farming Communities.

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Stocks Info

This NASDAQ-listed company operates within the Beverages – Non-Alcoholic industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $31.47 and fluctuated between $33.29 as its day high and $30.98 as its day low. The current market capitalization of The Vita Coco Company Inc. is $1.78B. A total of 1.49 million shares were traded on the day, compared to an average of 598.06K shares.

In the most recent transaction, Ricalde Rowena sold 908 shares of COCO for 26.58 per share on Aug 17. After the transaction, the Chief Accounting Officer now owns 19,445 company shares. In a previous transaction on May 26, Verlinvest Beverages SA sold 5,750,000 shares at 21.91 per share. COCO shares that 10% Owner owns now total 14,858,120.

Among the insiders who sold shares, Melloul Eric disposed of 5,750,000 shares on May 26 at a per-share price of $21.91. This resulted in the Director holding 14,858,120 shares of COCO after the transaction. In another insider transaction, Burth Jonathan sold 8,000 shares at $12.71 per share on Dec 14. Company shares held by the Chief Operating Officer now total 186,007.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for COCO in the last 3 months, the mean price target is $30.43 with high estimates of $35.00 and low estimates of $25.00. In terms of 52-week highs and lows, COCO has a high of $31.00 and a low of $7.39.

As of this writing, COCO has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.2. The company reported an EPS of $0.12 in the last quarter, which was 71.40% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. COCO’s latest balance sheet shows that the firm has $28.69M in Cash & Short Term Investments as of fiscal 2021. There were $76.00k in debt and $73.96M in liabilities at the time. Its Book Value Per Share was $3.05, while its Total Shareholder’s Equity was $123.17M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COCO is Buy with a score of 4.43.

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