Coty Inc. (NYSE:COTY) finished Thursday with an addition of $0.22 to close at $8.64, an upside of 2.61 percent. An average of 5,152,740 shares of common stock have been traded in the last five days. There was a gain of $0.33 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 5,372,065 shares traded, while the 50-day average volume stands at 5,807,814.
COTY stock has increased by 15.97% in the last month. The company shares reached their 1-month lowest point of $7.45 on 11/30/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $5.90 and a high of $10.82 in 52 weeks. It has reached a new high 1 time so far this year and lost -17.71% or -$1.86 in price. In spite of this, the price is down -20.15% from the 52-week high.
Coty Inc. (COTY) has a trailing price-to-earnings (P/E) ratio of 104.10. The stock’s beta is 1.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.37, the price-to-book (PB) ratio at 2.39, and the price-to-cash flow ratio at 18.25.
The quick ratio of Coty Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.46 and a total debt to equity ratio of 1.47 for the quarter ending June 29. Its gross profit as reported stood at $3.37 billion compared to revenue of $5.3 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Coty Inc.’s return on assets was 0.70%.
For the three-month period that ended June 29, Coty Inc. had $4.31 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $125.3 million in the quarter, while revenues of -$284.8 million were grew 17.8%. The analyst consensus anticipated Coty Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to $278.5 million. Shareholders own equity worth $850.11 million.
From a technical analysis perspective, let’s take a brief look at Coty Inc. (COTY) price momentum. RSI 9-day as of the close on 29 December was 71.42%, suggesting the stock is Overbought, with historical volatility in this time frame at 28.05%.
As of today, COTY’s price is $8.42 +3.97% or $0.33 from its 5-day moving average. COTY is currently trading +9.78% higher than its 20-day SMA and +14.29% higher than its 100-day SMA. However, the stock’s current price level is +25.76% above the SMA50 and +2.13% above the SMA200.
The stochastic %K and %D were 91.54% and 89.04%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 96.34% and the average true range at 0.26, the RSI (14) stands at 66.95%. The stock has reached 0.28 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.
Piper Sandler reiterated its a Neutral rating on Coty Inc. (NYSE: COTY), but raised their price target to $9, indicating a potential price increase of 4.0% for the stock. The consensus rating for Coty Inc. (COTY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COTY, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is COTY’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $15.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Coty Inc. (COTY) stock is $10.27.