On Thursday, Vita Coco got an upgrade for its IBD SmartSelect Composite Rating from 90 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Vita Coco is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
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One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted -45% earnings-per-share growth. Revenue growth increased 20%, up from -4% in the prior report. That marks one quarter of rising revenue growth. The company's next quarterly report is expected on or around Apr. 30.
Vita Coco earns the No. 3 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
