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.
We'll update this page as new information becomes available.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, The Vita Coco Company's shares have ranged in value from as little as $19.41 up to $33.29. 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 0.151. This would suggest that The Vita Coco Company's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $24.75
| 1 week (2024-04-21) | 7.24% |
|---|---|
| 1 month (2024-03-27) | 1.31% |
| 3 months (2024-01-28) | 19.91% |
| 6 months (2023-10-26) | 1.60% |
| 1 year (2023-04-27) | 14.32% |
| 2 years (2022-04-28) | 127.90% |
| 3 years (2021-04-22) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the The Vita Coco Company P/E ratio, PEG ratio and EBITDA
The Vita Coco Company's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, The Vita Coco Company stocks trade at around 31x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). 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 industry or those of similar companies.
The Vita Coco Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $57.5 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 that into context you can compare it against similar companies.
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