COCO / Vita Coco stock soars after upgrade on expectations for decline in ocean freight costs

This segment originally aired on November 1, 2023. Shares of Vita Coco (COCO) are up more than 170% over the past 12 months. more_horizontal

Profits surged once again and the beverage stock raised its guidance. The company has bucked expectations following its 2021 IPO. more_horizontal

The Vita Coco Company, Inc. (NASDAQ:COCO ) Q3 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Clay Crumbliss - ICR Mike more_horizontal

Vita Coco Company, Inc. (COCO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This comp more_horizontal

COCO has achieved a revenue growth rate of 15%, owing to successful marketing and industry tailwinds contributing to rapid market share growth. Demand more_horizontal

Vita Coco shares struggled after a difficult public offering but have seen strong operating momentum and margin expansion, certainly in 2023. Vita Coc more_horizontal

AI is the market's darling of the year, and some experts and participants are focusing on “Big Tech,” like Amazon (NASDAQ: AMZN ) and Apple (NASDA more_horizontal

Are you looking for alluring stocks that are somewhat risky? While low-risk investments such as mutual funds, treasury bonds, and index funds may offe more_horizontal