Coty Inc [NYSE: COTY] loss -0.73% or -0.09 points to close at $12.18 with a heavy trading volume of 7432158 shares. The company report on February 7, 2024 at 4:30 PM that Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market.
Q2 and 1H24 Sales Above Expectations on Strong Beauty Demand and Leading InnovationStrong Expansion in EBITDA and EBITDA MarginLeverage of ~3x Exiting CY23, In-line with GuidanceFY24 Financial Guidance ReiteratedStrengthened Portfolio With New Luxury License, Marni, and Multiple License Extensions.
The daily chart for COTY points out that the company has recorded 1.92% gains over the past six months.
If we look at the average trading volume of 4.10M shares, COTY reached to a volume of 7432158 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 $13.29 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 2.10. 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.
TD Cowen have made an estimate for Coty Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on October 17, 2023.
The Average True Range (ATR) for Coty Inc is set at 0.30, with the Price to Sales ratio for COTY stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 2.91, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for COTY in the course of the last twelve months was 24.76 with Quick ratio for the last quarter at 0.49.
Trading performance analysis for COTY stock
Coty Inc [COTY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.83. With this latest performance, COTY shares gained by 1.75% in over the last four-week period, additionally plugging by 1.92% over the last 6 months – not to mention a rise of 19.88% 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 51.94, with the RSI for the last a single of trading hit 50.45, and the three-weeks RSI is set at 53.32 for Coty Inc [COTY]. The present Moving Average for the last 50 days of trading for this stock 12.06, while it was recorded at 12.20 for the last single week of trading, and 11.50 for the last 200 days.
Coty Inc [COTY]: A deeper dive into fundamental analysis
Coty Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.49 and a Current Ratio set at 0.79.
Coty Inc [COTY]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Coty Inc posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 46.70%. 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 18.30%.
An analysis of Institutional ownership at Coty Inc [COTY]
The top three institutional holders of COTY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in COTY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in COTY stock with ownership which is approximately 5.8325%.
