Coty Inc (NYSE:COTY) saw a downside of -1.31% to $11.72 after subtracting -$0.15 on Monday. The 5-day average trading volume is 3,896,666 shares of the company’s common stock. It has gained $12.52 in the past week and touched a new high 3 times within the past 5 days. An average of 3,836,346 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,826,198.
COTY’s 1-month performance is 6.11% or $0.67 on its low of $11.06 reached on 09/07/23. The company’s shares have touched a 52-week low of $6.19 and high of $13.46, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, COTY has achieved 36.86% or $3.13 and has reached a new high 28 times. However, the current price is down -12.96% from the 52-week high price.
Valuation Metrics
COTY stock has a beta of 1.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.80 while the price-to-book (PB) in the most recent quarter is 2.62, with the price to cash flow ratio at 21.54.
Coty Inc’s quick ratio for the period ended June 29 was 0.44, with the current ratio over the same period at 0.75. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.20, while the total debt to equity was 1.23. In terms of profitability, the gross margin trailing 12 months is 60.44%. The firm’s gross profit as reported stood at $3.55 billion against revenue of $5.55 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 grew 1062.16% to $29.6 million, while revenue of $105.1 million was -255.07% off the previous quarter. Analysts expected COTY to announce $0.02 per share in earnings in its latest quarter, but it posted $0.01, representing a -50.00% surprise. EBITDA for the quarter stood at more than $237.9 million. COTY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 8.66 billion, with total debt at $4.57 billion. Shareholders hold equity totaling $852.8 million.
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 22 September was 51.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.36%.
The stock’s 5-day moving average is $11.86, reflecting a +0.86% or $0.10 change from its current price. COTY is currently trading +6.08% above its 20-day SMA, -1.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.34% and SMA200 by+47.04%.
Stochastic %K and %D was 62.75% and 67.49% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 51.09%, while the 14-day stochastic is at 42.81% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.34 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Coty Inc (NYSE: COTY), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock.
