Coconut water producer The Vita Coco Company wrapped its initial public offering, selling 11.5 million shares at $15 each, below its projected range of $18 to $21. The company's valuation came in at around $830 million.
Shares of COCO will commence trading today on the Nasdaq, but shares are available for limit orders on Robinhood and other platforms.
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| Latest market close | $28.25 |
|---|---|
| 52-week range | $19.41 - $31.43 |
| 50-day moving average | $26.61 |
| 200-day moving average | $25.57 |
| Wall St. target price | $30.13 |
| PE ratio | 29.8085 |
| Dividend yield | N/A |
| Earnings per share (TTM) | $0.94 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $28.25 from 2024-10-11
| 1 week (2024-10-07) | 1.69% |
|---|---|
| 1 month (2024-09-13) | 3.10% |
| 3 months (2024-07-12) | 2.13% |
| 6 months (2024-04-12) | 12.91% |
| 1 year (2023-10-13) | 7.50% |
|---|---|
| 2 years (2022-10-14) | 149.34% |
| 3 years (2021-10-10) | N/A |
| 5 years (2019-10-10) | N/A |
Valuing The Vita Coco Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Vita Coco Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
The Vita Coco Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, The Vita Coco Company shares trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, The Vita Coco Company's P/E ratio is best considered in relation to those of others within the beverages - non-alcoholic industry or those of similar companies.
The Vita Coco Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $78.9 million.
The EBITDA is a measure of a The Vita Coco Company's overall financial performance and is widely used to measure a its profitability.
To put The Vita Coco Company's EBITDA into context you can compare it against that of similar companies.
| Revenue TTM | $500 million |
|---|---|
| Operating margin TTM | 20.8% |
| Gross profit TTM | $103.4 million |
| Return on assets TTM | 17.21% |
| Return on equity TTM | 27.37% |
| Profit margin | 11.05% |
| Book value | $4.09 |
| Market Capitalization | $1.6 billion |
TTM: trailing 12 months
Over the last 12 months, The Vita Coco Company's shares have ranged in value from as little as $19.41 up to $31.425. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while The Vita Coco Company's is 0.219. This would suggest that The Vita Coco Company's shares are less volatile than average (for this exchange).
To put The Vita Coco Company's beta into context you can compare it against those of similar companies.
The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink. It also provides private label coconut water and oil to retailers. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc.
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