Vita Coco is a standout among the new wave of energy and health beverages. The maker of coconut and energy drinks posted earnings growth ranging from 100% to 1,000% over the last four quarters. Vita Coco stock is quickly rising toward its all-time high.
Additionally, the Relative Strength (RS) Rating for Vita Coco stock entered a new percentile Thursday, with a rise from 76 to 85. The upgraded RS Rating shows that Vita Coco stock topped 85% of all stocks for price performance over the past year.
An analysis of over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating over 80 as they begin their biggest climbs.
Vita Coco Stock Up 300%-Plus From Post-IPO Low
Vita Coco stock went public in October 2021. It dropped to as low as 7.39 in November 2022 then turned up as it worked on its post-IPO base. Thursday afternoon Vita Coco stock traded at about 30.35, up 0.7% for the day and 310% from the post-IPO low.
It's trying to complete a consolidation with a 33.29 buy point, its all-time high reached last September. See if the stock can clear the breakout price in volume at least 40% higher than normal.
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Among its other ratings Vita Coco stock has a strong 91 Composite Rating out of 99. Additionally, it boasts a terrific 95 Earnings Per Share Rating, putting it in the top 5% of all companies for recent and long-term profit growth.
Earnings grew 100% year over year last quarter to 24 cents per share. The prior three quarters its EPS rose 1,000%, 100% and 320%. Revenue grew a mild 2% last quarter to $111.7 million. However, the prior three quarters its sales grew 21%, 11% and 15%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
Analysts Give Vita Coco High Marks
Wells Fargo recently put out a positive report on Vita Coco, and Bank of America raised its price target on its stock from 27 to 30 with an overweight rating, according to Defense World.
Vita Coco stock earns the No. 3 rank among its peers in the 17-stock IBD Beverages-Non-Alcoholic industry group. Coca-Cola Consolidated, which produces soft drinks under brands licensed from Coca-Cola Co. is the top-ranked stock in the group.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
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