The price-to-earnings ratio for Coty Inc (NYSE: COTY) is above average at 32.21x. The 36-month beta value for COTY is also noteworthy at 1.85. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 2 rating it as “sell.”
The public float for COTY is 393.36M, and at present, short sellers hold a 5.01% of that float. The average trading volume of COTY on April 09, 2024 was 3.89M shares.
COTY) stock’s latest price update
The stock of Coty Inc (NYSE: COTY) has increased by 1.09 when compared to last closing price of 11.03.Despite this, the company has seen a loss of -6.22% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that Coty (COTY) is benefiting from its focus on six strategic pillars that are aimed at sustainable growth. Management made several partnerships to enhance its brand portfolio.
COTY’s Market Performance
COTY’s stock has fallen by -6.22% in the past week, with a monthly drop of -12.00% and a quarterly drop of -3.21%. The volatility ratio for the week is 3.13% while the volatility levels for the last 30 days are 2.60% for Coty Inc. The simple moving average for the past 20 days is -6.51% for COTY’s stock, with a -3.99% simple moving average for the past 200 days.
Analysts’ Opinion of COTY
Many brokerage firms have already submitted their reports for COTY stocks, with TD Cowen repeating the rating for COTY by listing it as a “Outperform.” The predicted price for COTY in the upcoming period, according to TD Cowen is $16 based on the research report published on February 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see COTY reach a price target of $11. The rating they have provided for COTY stocks is “Market Perform” according to the report published on October 17th, 2023.
Kepler gave a rating of “Hold” to COTY, setting the target price at $11.66 in the report published on October 10th of the previous year.
COTY Trading at -8.39% from the 50-Day Moving Average
After a stumble in the market that brought COTY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.16% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares sank -12.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.32% lower at present.
During the last 5 trading sessions, COTY fell by -6.22%, which changed the moving average for the period of 200-days by -10.66% in comparison to the 20-day moving average, which settled at $11.85. In addition, Coty Inc saw -10.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COTY starting from Singer Robert S, who sale 30,000 shares at the price of $12.70 back on Mar 06 ’24. After this action, Singer Robert S now owns 120,000 shares of Coty Inc, valued at $380,877 using the latest closing price.
Singer Robert S, the Director of Coty Inc, sale 20,000 shares at $12.72 during a trade that took place back on Mar 06 ’24, which means that Singer Robert S is holding 121,500 shares at $254,364 based on the most recent closing price.
Stock Fundamentals for COTY
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.64 for the gross margin
The net margin for Coty Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 8.14, with 2.54 for asset returns.
Based on Coty Inc (COTY), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 2.9.
Currently, EBITDA for the company is 1.38 billion with net debt to EBITDA at 2.84. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The receivables turnover for the company is 12.01for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In summary, Coty Inc (COTY) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
