How to Buy Vita Coco Company Stock
Vita Coco Company Inc
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, and the Asia Pacific.
Vita Coco Company stock last closed at $26.06, up 0.35% from the previous day, and has increased 115.91% in one year. It has overperformed other stocks in the Beverages - Non-Alcoholic industry by 0.95 percentage points. Vita Coco Company stock is currently +252.64% from its 52-week low of $7.39, and -2.83% from its 52-week high of $26.82.
As of May 26, 2023, there are 56.25M shares of COCO outstanding. The market capitalization of COCO is $1.47B. In the last 24 hours, 1.01M COCO shares were traded.
How to Buy Vita Coco Company Stock
Not sure how to invest in Vita Coco Company stock? Here's how.
- Figure out where to buy Vita Coco Company stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Vita Coco Company stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your details.
- Evaluate Vita Coco Company stock: The Vita Coco Company ticker symbol is COCO. Is Vita Coco Company stock a good investment? Should you buy shares of COCO? How do COCO's underlying business fundamentals look? Do top analysts think Vita Coco Company is a good buy? Why has COCO's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if COCO is a good stock to buy).
- Make your COCO buy order: Decide if you will purchase COCO shares at the current market price or use a limit order to purchase COCO shares at a specific price.
- Monitor your COCO position: Create a watchlist to key updates about your investment in Vita Coco Company shares.
Step 1: Figure out where to buy Vita Coco Company stock
You need a brokerage account in order to access the NASDAQ market and buy COCO stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you are able to invest in COCO stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Provide your personal info to create your new trading account.
- Send your information by hitting the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have finished signing up on investing apps, you can securely and quickly fund your account:
Check out the video below if you need help depositing funds into your new investment account.
Step 4: Evaluate Vita Coco Company stock
Once you have decided on the best place to buy Vita Coco Company stock, it's critical to analyze their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Vita Coco Company shares data
Vita Coco Company Overview
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on COCO's stock page.
Is COCO stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge COCO's true value.
Using relative valuations methods:
- COCO could be overvalued based on its P/E ratio of 118.45x, relative to Beverages - Non-Alcoholic industry P/E ratio of 39.54x
- COCO may be overvalued based on its P/B ratio of 9.79x, relative to Beverages - Non-Alcoholic industry P/B ratio of 7.33x
You can access additional valuation analysis on COCO's stock here.
COCO Financial Health Summary
Passed Health Checks:
- COCO has a low debt to equity ratio of 0.39.
- There are more short-term assets than short-term liabilities on the COCO balance sheet.
- COCO's operating cash flow of $21.05M allows it to safely service it's debt of $43.00k.
- There are more short-term assets than long-term liabilities on the COCO balance sheet.
- COCO earnings of $16.77M is not enough to cover its interest payments.
Failed Health Checks:
- COCO profit margin has gone down from 4.9% to 2.8% in the past year.
Do Wall Street analysts think it's a good time to buy COCO stock
Out of 5 Wall Street analysts who give forecasts on COCO, the consensus analyst rating on COCO is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent COCO Analyst Recommendations
Eric Des Lauriers, a bottom 17% analyst from Craig-Hallum maintains COCO with a buy rating and raises their COCO price target from $25.00 to $30.00, on May 4, 2023.
Bonnie Herzog, a top 14% analyst from Goldman Sachs maintains COCO with a strong buy rating and raises their COCO price target from $21.00 to $27.00, on May 4, 2023.
Chris Carey, a top 11% analyst from Wells Fargo maintains COCO with a strong buy rating and raises their COCO price target from $24.00 to $26.00, on May 4, 2023.
Kaumil Gajrawala, a bottom 3% analyst from Credit Suisse maintains COCO with a buy rating and raises their COCO price target from $16.00 to $17.00, on Mar 9, 2023.
Michael Lavery, a top 4% analyst from Piper Sandler maintains COCO with a strong buy rating and raises their COCO price target from $13.00 to $17.00, on Dec 15, 2022.
Lavery raised his price target on The Vita Coco Company, Inc. by 30.8%.
He is bullish on Vita Coco's "outsized" sales growth momentum, the analyst reported, "driven by strong demand for its branded coconut water."
Higher ocean freight rates have been pressuring margins, Lavery noted, but those headwinds have dropped off significantly in recent months.
The result is "potentially significant upside to FY 2023 estimates," the analyst advised investors.
You can dig deeper into what analysts are saying on the Vita Coco Company stock forecast page.
COCO Trading Indicators
Is COCO Growing Revenue?
Last year, COCO earnings were $12.29M. Over the past 1 years, COCO's earnings have grown by -40.54% per year. This was slower than the Beverages - Non-Alcoholic industry average of 21.39%.
Last year, COCO revenue was $441.10M. During the last one years, COCO's revenue has increased by 10.13% per year. This was faster than the Beverages - Non-Alcoholic industry average of 7.88%.
Find out more about COCO's earnings and revenue performance here.
What are COCO insiders up to?
Over the last 12 months, insiders at COCO have sold more shares than they have bought.
Jonathan Burth, Chief Operating Officer of COCO, was the latest COCO insider to sell. They sold $101,696.00 worth of COCO stock on Dec 14, 2022.
Research more about who owns COCO shares here.
Can I rely on COCO as an income stream?
No, Vita Coco Company doesn't provide an income stream by paying out dividends.
What others are saying about COCO
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your COCO buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Click the Open button and eToro will place the order.
If you require additional help with buying stocks on eToro, watch the how to video below:
Step 6: Monitor your COCO position
Now that you own some COCO shares, you'll want to stay up-to-date on your investment.
Create a watchlist to track the latest developments regarding your COCO stock.
COCO Feed
How to Buy Stock in Vita Coco Company
To reiterate, here are the 6 steps for buying Vita Coco Company stock:
- Figure out where to buy Vita Coco Company stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Vita Coco Company stock
- Make your COCO buy order
- Monitor your COCO position
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Vita Coco Company, add COCO to your watchlist below.
Other Articles You Might Find Useful
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.