Is Buying Stock In Coty Inc. (COTY) A Good Move Today?

Coty Inc. (NYSE:COTY) saw a downside of -2.57% to close Friday at $7.97 after subtracting -$0.21 on the day. The 5-day average trading volume is 8,043,960 shares of the company’s common stock. It has gained $8.30 in the past week. An average of 9,848,340 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,543,128.

COTY’s 1-month performance is -5.79% or -$0.32 on its low of $7.70 reached on 09/30/21. The company’s shares have touched a 52-week low of $2.87 and high of $10.49, with the stock’s rally to the 52-week high happening on 04/30/21. YTD, COTY has achieved 13.53% or $0.95. However, the current price is down -24.02%% from the 52-week high price.


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Insider Transactions

On Sep 10, 31 days have gone by since the last insider trading activity for Coty Inc. (COTY). KKR Rainbow Aggregator L.P. (10% Owner) most recently sold 50,000,088 shares at $8.39 per share on Sep 10. This transaction cost the insider $419,500,738.

Valuation Metrics

Coty Inc. (COTY) has a trailing price-to-earnings (P/E) ratio of 18.75 for the broader industry and 24.58 for the sector. The company’s PE ratio for the last five years has touched a high of 294.38 and a low of 226.00. COTY stock has a beta of 2.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.44 while the price-to-book (PB) in the most recent quarter is 2.13, with the price to cash flow ratio at 46.58.

Coty Inc.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.70 meaning that COTY stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.25, while the total debt to equity was 2.26. In terms of profitability, the gross margin trailing 12 months is 60.00%. The trailing 12-month EBITDA margin is 17.70% while for the period ending June 29; Coty Inc.’s operating margin was -1.00%. The firm’s gross profit as reported stood at $2.77 billion against revenue of $4.63 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -132.04% to $658.5 million, while revenue of $1.03 billion was -56.08% off the previous quarter. Analysts expected COTY to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.09, representing a -50.00% surprise. EBITDA for the quarter stood at more than $151.0 million. COTY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.63 billion, with total debt at $5.81 billion. Shareholders hold equity totaling $766.07 million

Technical Picture

Let’s look briefly at Coty Inc. (COTY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 39.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.83%.

The stock’s 5-day moving average is $8.12, reflecting a -2.57% or -$0.21 change from its current price. COTY is currently trading -3.16% above its 20-day SMA, -9.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.94% and +9.93% respectively.

Stochastic %K and %D was 47.45% and 51.63% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 42.11%, while the 14-day stochastic is at 31.76% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.01 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Coty Inc. (NYSE: COTY), Raymond James launched coverage with a Mkt perform rating. Analysts offering their rating for COTY stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate COTY as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is COTY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $15.00, with their median price target at $10.25. Looking at these predictions, the average price target given by analysts is for Coty Inc. (COTY) stock is $10.98.

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