As of Wednesday close, Coty Inc.’s (NYSE:COTY) stock was down -$0.01, moving down -0.09 percent to $11.55. The average number of shares traded per day over the past five days has been 3,245,580 shares. 3 times new highs have been achieved over the past 5 days, with a $0.30 gain in that time frame. In the last twenty days, the average volume was 3,795,215, while in the previous 50 days, it was 4,115,714.
Since last month, COTY stock retreated -1.37%. Shares of the company fell to $10.45 on 08/22/23, the lowest level in the past month. A 52-week high of $13.46 was reached on 07/12/23 after having rallying from a 52-week low of $6.19. Since the beginning of this year, COTY’s stock price has risen by 34.93% or $2.99, and marked a new high 28 times. However, the stock has declined by -14.19% since its 52-week high.
COTY stock investors should be aware that Coty Inc. (COTY) stock had its last reported insider trading activity 289 days ago on Nov 15. Goudet Olivier, the Director of the company, purchased of 100,000 shares for $7.61 on Nov 15. It resulted in a $760,980 investment by the insider. Goudet Olivier added 100,000 shares at an average price of $7.56 on Nov 14. The insider now owns 939,129 shares following the transaction. On Nov 10, Director Goudet Olivier bought 100,000 shares at $7.35 apiece. The transaction was valued at $734,760.
Valuation Metrics
Right now, Coty Inc. (COTY) has a P/E ratio of about 20.55. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 2.58, and the price-to-cash flow ratio of 24.49 may also be considered.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250.
Financial Health
In the three months ended June 30, Coty Inc.’s quick ratio stood at 0.40, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 1.13, and the total debt-to-equity ratio was 1.15. On the profitability front, the trailing twelve-month gross margin is 64.10% percent. In the year ended June 30, operating margins totaled 9.80%. Based on annual data, COTY earned $3.55 billion in gross profit and brought in $5.55 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was 14.00%.
In Coty Inc.’s quarter-end financial report for June 30, it reported total debt of $4.18 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. COTY’s revenue rose 13.51% to $1.29 billion during the quarter, while net income inched up to $1.35 billion. While analysts expected Coty Inc. to report $0.02 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $237.9 million in EBITDA. The liabilities of Coty Inc. were 8.66 billion at the end of its most recent quarter ended June 30, and its total debt was $4.57 billion. The value of shareholders’ equity is $852.8 million.
Technical Picture
This quick technical analysis looks at Coty Inc.’s (COTY) price momentum. With a historical volatility rate of 37.83%, the RSI 9-day stood at 53.42% on 30 August.
With respect to its five-day moving average, the current Coty Inc. price is up by +2.67% percent or $0.30. At present, COTY shares trade -4.70% below its 20-day simple moving average and -0.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.41% below its SMA50 and +57.79% above its SMA200.
Stochastic coefficient K was 63.38% and Stochastic coefficient D was 50.16%, while ATR was 0.36. Given the Stochastic reading of 75.86% for the 14-day period, the RSI (14) reading has been calculated as 49.54%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.14.
Analyst Ratings
Coty Inc. downgraded its rating on Coty Inc. (NYSE: COTY) to a Hold in a note to investors on July 27, 2023. The analysts firm previously had a Buy rating on the stock.Coty Inc. (COTY) has been rated Overweight by analysts. According to 0 brokerage firms, COTY is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Coty Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $11.00 – $15.00. Based on these forecasts, analysts predict Coty Inc. (COTY) will achieve an average price target of $13.17.
