Stock Market Recap: Coty Inc (COTY) Concludes at 9.05, a -1.09 Surge/Decline

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After finishing at $9.15 in the prior trading day, Coty Inc (NYSE: COTY) closed at $9.05, down -1.09%. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 5.34 million shares were traded. COTY stock price reached its highest trading level at $9.195 during the session, while it also had its lowest trading level at $8.885.

Ratios:

Our goal is to gain a better understanding of COTY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.01. 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 1.09 whereas as Long-Term Debt/Eq ratio is at 1.07.

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 04 ’24 when Singer Robert S sold 90,000 shares for $12.56 per share. The transaction valued at 1,130,058 led to the insider holds 169,982 shares of the business.

Singer Robert S sold 30,000 shares of COTY for $380,877 on Mar 06 ’24. The Director now owns 120,000 shares after completing the transaction at $12.70 per share. On Mar 06 ’24, another insider, Singer Robert S, who serves as the Director of the company, sold 20,000 shares for $12.72 each. As a result, the insider received 254,364 and left with 121,500 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 7853942784 and an Enterprise Value of 12217643008. As of this moment, Coty’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.17, and their Forward P/E ratio for the next fiscal year is 15.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 2.001 whereas that against EBITDA is 11.096.

Stock Price History:

Over the past 52 weeks, COTY has reached a high of $13.30, while it has fallen to a 52-week low of $8.79. The 50-Day Moving Average of the stock is -7.92%, while the 200-Day Moving Average is calculated to be -18.55%.

Shares Statistics:

The stock has traded on average 3.65M shares per day over the past 3-months and 4380570 shares per day over the last 10 days, according to various share statistics. A total of 852.80M shares are outstanding, with a floating share count of 366.62M. Insiders hold about 57.76% of the company’s shares, while institutions hold 40.40% stake in the company. Shares short for COTY as of 1722384000 were 15192907 with a Short Ratio of 4.16, compared to 1719532800 on 14068480. Therefore, it implies a Short% of Shares Outstanding of 15192907 and a Short% of Float of 3.73.