Vita Coco had its Relative Strength (RS) Rating upgraded from 69 to 77 Thursday — a welcome improvement, but still below the 80 or higher score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Vita Coco can continue to rebound and hit that benchmark.
While it's not currently an ideal time to invest, see if the stock manages to form a base and break out.
While revenue growth fell last quarter from 20% to 17%, earnings-per-share grew 29%, up from -45% in the prior report.
The company earns the No. 2 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands is the top-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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
