Vita Coco saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 84.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
While the stock is not near a proper entry right now, see if it manages to form and break out from a proper base.
Earnings growth increased in the company's most recent report from -45% to 29%, but sales fell from 20% to 17%.
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.
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