Coty Inc (COTY) concluded trading on Wednesday at a closing price of $12.64, with 8.56 million shares of worth about $108.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.22% during that period and on Wednesday the price saw a gain of about 3.86%. Currently the company’s common shares owned by public are about 852.80M shares, out of which, 391.47M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 16,357,723 shares in 22 of the transactions. In 10 selling transactions, insiders dumped 6,642,774 shares.
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However, the stock later moved at a day high price of 12.73, or with a gain of 3.86%. Stock saw a price change of 10.97% in past 5 days and over the past one month there was a price change of 2.43%. Year-to-date (YTD), COTY shares are showing a performance of 1.77% which increased to 14.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.02 but also hit the highest price of $13.46 during that period. The average intraday trading volume for Coty Inc shares is 4.21 million. The stock is currently trading 5.08% above its 20-day simple moving average (SMA20), while that difference is up 4.40% for SMA50 and it goes to 9.95% higher than SMA200.
Coty Inc (NYSE: COTY) currently have 852.80M outstanding shares and institutions hold larger chunk of about 43.60% of that.
The stock has a current market capitalization of $11.31B and its 3Y-monthly beta is at 1.84. PE ratio of stock for trailing 12 months is 36.51, while it has posted earnings per share of $0.35 in the same period. Its PEG reads 2.00 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COTY, volatility over the week remained 3.09% while standing at 3.14% over the month.
Analysts are in expectations that Coty Inc (COTY) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.31% while it is estimated to increase by 25.30% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on October 17, 2023 offering a Market perform rating for the stock and assigned a target price of $11 to it. Coverage by Kepler stated Coty Inc (COTY) stock as a Hold in their note to investors on October 10, 2023, suggesting a price target of $11.66 for the stock. On July 27, 2023, Jefferies Downgrade their recommendations, while on February 17, 2023, Citigroup Initiated their ratings for the stock with a price target of $15. Stock get an Overweight rating from Piper Sandler on January 03, 2023.
