The Vita Coco Company, Inc. (COCO, Financial) saw a significant stock price increase of 5.30%. The stock is currently priced at $31.18 per share with a trading volume of 283,855 shares and a turnover rate of 0.50%.
Recent financial reports reveal the company achieved a revenue of $133 million and a net profit of $19.25 million, translating to an earnings per share of $0.34. The gross profit was $51.37 million, resulting in a price-to-earnings ratio of 31.00.
In terms of analyst ratings, 60% of the ten firms covering the stock recommend a "buy," while 40% suggest "hold," with no "sell" recommendations.
Despite the overall soft drink industry experiencing a minor decline of 0.12%, The Vita Coco Company stood out with strong gains alongside other notable stocks like Safety Shot, Inc. Within the sector, stocks such as Primo Water Corporation, Celsius Holdings, Inc., and Sunopta, Inc. displayed higher trading activity. Stocks with notable price fluctuations included Safety Shot, Inc., Barfresh Food Group Inc., and Sunopta, Inc.
The Vita Coco Company is a plant-based hydration platform offering products like coconut water, coconut oil, and other brands such as Runa and Ever & Ever. Its operations span across the US, Canada, Europe, the Middle East, Africa, and the Asia-Pacific region.
