I'm going through my screens and COCO keeps coming up. The one that keeps catching my eye is institutional ownership (last qtr vs prior qtr) which is up 70.27%. Also EPS growth (prj yr vs last yr) of 428.57%. I'm using the Fidelity stock screener. Maybe their numbers are off. Maybe I'm too new to understand. Why has institutional ownership skyrocketed?
Price performance over the last 52 weeks is 101.73%. The ROA is 13.41%, ROI 18.9%, Gross Profit Margin 30.18%, ROIC of 17.91 (all TTMs), yadda yadda. They destroyed their earning projections last quarter. All the fundamentals are solid. The p/e is a lil high for the industry but that's kinda meaningless for a growth stock. I'm trying to understand why this won't just keep growing and I'm having a hard time. The biggest negative is they IPO'd in Oct 2021 and there's just not much market performance on record yet.
I don't think they'll be a Monster…but I'll be really disappointed if in five years they have 15 brands of VitaCoco in every gas station in America and I didn't invest. They do have the Runa brand which is an “energy drink” made from guayusa and sweetened with stevia…and I kinda hate that. Stevia is disgusting. Why not sweetened guayusa with coconut water and stick to that brand? But anyways, any thoughts on this stock and its projection for the next 1-5 years?
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