Coty Inc. [COTY] is -30.67% lower this YTD. Is it still time to buy?

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Coty Inc. [NYSE: COTY] loss -1.89% or -0.14 points to close at $7.28 with a heavy trading volume of 11993465 shares. The company report on April 21, 2022 that Coty Announces Timing and Availability of its Third Quarter Fiscal 2022 Financial Results.

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Coty Inc. (NYSE: COTY) today announced that it will issue its third quarter fiscal 2022 financial results and other related information on Monday, May 9, 2022 by posting the following materials and links on the company’s website at https://investors.coty.com.

It opened the trading session at $7.41, the shares rose to $7.48 and dropped to $7.07, the range by which the price of stock traded the whole day. The daily chart for COTY points out that the company has recorded -19.11% loss over the past six months. However, it is still -0.55% lower than its most recent low trading price.

If we look at the average trading volume of 9.44M shares, COTY reached to a volume of 11993465 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Coty Inc. [COTY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COTY shares is $12.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COTY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for Coty Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $8 to $11. The new note on the price target was released on November 17, 2021, representing the official price target for Coty Inc. stock. Previously, the target price had yet another raise to $14, while Raymond James analysts kept a Outperform rating on COTY stock.

The Average True Range (ATR) for Coty Inc. is set at 0.38, with the Price to Sales ratio for COTY stock in the period of the last 12 months amounting to 1.23. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for COTY in the course of the last twelve months was 14.43 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for COTY stock

Coty Inc. [COTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.23. With this latest performance, COTY shares dropped by -15.74% in over the last four-week period, additionally sinking by -19.11% over the last 6 months – not to mention a drop of -29.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COTY stock in for the last two-week period is set at 29.77, with the RSI for the last a single of trading hit 22.79, and the three-weeks RSI is set at 34.54 for Coty Inc. [COTY]. The present Moving Average for the last 50 days of trading for this stock 8.50, while it was recorded at 7.67 for the last single week of trading, and 8.89 for the last 200 days.

Coty Inc. [COTY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coty Inc. [COTY] shares currently have an operating margin of +3.30 and a Gross Margin at +54.35. Coty Inc.’s Net Margin is presently recorded at -1.38.

Return on Total Capital for COTY is now 1.36, given the latest momentum, and Return on Invested Capital for the company is -0.60. Return on Equity for this stock declined to -2.18, with Return on Assets sitting at -0.42. When it comes to the capital structure of this company, Coty Inc. [COTY] has a Total Debt to Total Equity ratio set at 237.93. Additionally, COTY Total Debt to Total Capital is recorded at 70.41, with Total Debt to Total Assets ending up at 49.71. Long-Term Debt to Equity for the company is recorded at 234.44, with the Long-Term Debt to Total Capital now at 69.37.

Reflecting on the efficiency of the workforce at the company, Coty Inc. [COTY] managed to generate an average of -$5,599 per employee. Receivables Turnover for the company is 11.75 with a Total Asset Turnover recorded at a value of 0.30.Coty Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.80.

Coty Inc. [COTY]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COTY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coty Inc. go to -5.90%.

An analysis of insider ownership at Coty Inc. [COTY]

There are presently around $2,229 million, or 37.20% of COTY stock, in the hands of institutional investors. The top three institutional holders of COTY stocks are: MELVIN CAPITAL MANAGEMENT LP with ownership of 42,000,000, which is approximately 180% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 38,871,693 shares of the stock with an approximate value of $282.99 million in COTY stocks shares; and VANGUARD GROUP INC, currently with $224.65 million in COTY stock with ownership of nearly 0.871% of the company’s market capitalization.

Positions in Coty Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 185 institutional holders increased their position in Coty Inc. [NYSE:COTY] by around 76,642,821 shares. Additionally, 125 investors decreased positions by around 34,606,582 shares, while 50 investors held positions by with 194,976,145 shares. The mentioned changes placed institutional holdings at 306,225,548 shares, according to the latest SEC report filing. COTY stock had 70 new institutional investments in for a total of 13,432,285 shares, while 41 institutional investors sold positions of 11,229,358 shares during the same period.