Coty Inc. (NYSE:COTY) finished Thursday with a subtraction of -$0.21 to close at $11.04, a downside of -1.87 percent. An average of 6,511,940 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 3,736,880 shares traded, while the 50-day average volume stands at 4,301,892.
COTY stock has decreased by -11.04% in the last month. The company shares reached their 1-month lowest point of $10.45 on 08/22/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $6.19 and a high of $13.46 in 52 weeks. It has reached a new high 28 times so far this year and achieved 28.97% or $2.48 in price. In spite of this, the price is down -17.98% from the 52-week high.
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Valuation Metrics
Coty Inc. (COTY) has a trailing price-to-earnings (P/E) ratio of 59.04. The stock’s beta is 1.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 2.51, and the price-to-cash flow ratio at 32.00.
Financial Health
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 1.17 and a total debt to equity ratio of 1.19 for the quarter ending June 29. Its gross profit as reported stood at $3.55 billion compared to revenue of $5.55 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 1.50%.
Earnings Surprise
For the three-month period that ended June 29, Coty Inc. had $4.22 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 $105.1 million in the quarter, while revenues were grew 52.14%. The analyst consensus anticipated Coty Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.01, a -50.00% surprise. For the quarter, EBITDA amounted to $237.9 million. Shareholders own equity worth $852.8 million.
Technical Picture
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 24 August was 39.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.93%.
As of today, COTY’s price is $11.05 -0.99% or -$0.11 from its 5-day moving average. COTY is currently trading -4.91% lower than its 20-day SMA and -8.46% lower than its 100-day SMA. However, the stock’s current price level is -8.68% below the SMA50 and +59.31% above the SMA200.
The stochastic %K and %D were 29.05% and 21.58%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 30.97% and the average true range at 0.40, the RSI (14) stands at 40.08%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.48.
Analyst Ratings
Jefferies downgraded Coty Inc. (NYSE: COTY) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.
