Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Coty Inc (NYSE: COTY) closed the day trading at $11.10 down -3.48% from the previous closing price of $11.50. In other words, the price has decreased by -$3.48 from its previous closing price. On the day, 10.51 million shares were traded. COTY stock price reached its highest trading level at $11.285 during the session, while it also had its lowest trading level at $10.64.
Ratios:
For a better understanding of COTY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.17. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 1.26.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on April 16, 2024, Reiterated its Neutral rating but revised its target price to $12 from $13 previously.
On April 15, 2024, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $14.
TD Cowen Upgraded its Market Perform to Outperform on February 22, 2024, whereas the target price for the stock was revised from $13 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Singer Robert S sold 30,000 shares for $12.70 per share. The transaction valued at 380,877 led to the insider holds 120,000 shares of the business.
Singer Robert S sold 20,000 shares of COTY for $254,364 on Mar 06 ’24. The Director now owns 121,500 shares after completing the transaction at $12.72 per share. On Mar 05 ’24, another insider, Singer Robert S, who serves as the Director of the company, sold 19,982 shares for $12.60 each. As a result, the insider received 251,849 and left with 150,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COTY now has a Market Capitalization of 9936376832 and an Enterprise Value of 14107310080. As of this moment, Coty’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.40, and their Forward P/E ratio for the next fiscal year is 19.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 2.31 whereas that against EBITDA is 12.768.
Stock Price History:
Over the past 52 weeks, COTY has reached a high of $13.46, while it has fallen to a 52-week low of $9.02. The 50-Day Moving Average of the stock is -5.83%, while the 200-Day Moving Average is calculated to be -3.39%.
Shares Statistics:
Over the past 3-months, COTY traded about 4.16M shares per day on average, while over the past 10 days, COTY traded about 3598390 shares per day. A total of 852.80M shares are outstanding, with a floating share count of 393.36M. Insiders hold about 56.06% of the company’s shares, while institutions hold 43.62% stake in the company. Shares short for COTY as of 1713139200 were 19844072 with a Short Ratio of 4.77, compared to 1710460800 on 19720834. Therefore, it implies a Short% of Shares Outstanding of 19844072 and a Short% of Float of 4.5700002.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.28.
