Coty Inc. (NYSE:COTY) price closed higher on Tuesday, August 24, jumping 3.03% above its previous close.
A look at the daily price movement shows that the last close reads $7.93, with intraday deals fluctuated between $7.91 and $8.26. The company’s 5Y monthly beta was ticking 2.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.49 and 52-week low of $2.65. The stock subtracted -8.10% on its value in the past month.
Coty Inc., which has a market valuation of $6.18 billion, is expected to release its quarterly earnings report Aug 26, 2021. Analysts tracking COTY have forecast the quarterly EPS to shrink by -0.06 per share this quarter, while the same analysts predict the annual EPS to hit $0.07 for the year 2021 and up to $0.19 for 2022. In this case, analysts estimate an annual EPS growth of 128.00% for the year and 171.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.01 billion, with the likely lows of $981 million and highs of $1.03 billion. The average estimate suggests sales growth for the quarter will likely rise by 9.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $4.57 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -32.20% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give COTY a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as Hold.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 15 analysts have assigned COTY a recommendation rating as follows: 9 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Coty Inc. (COTY) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that COTY’s price is at present -2.16% off the SMA20 and -5.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.90, with weekly volatility standing at 3.51%. The indicator jumps to 3.24% when calculated based on the past 30 days. Coty Inc. (NYSE:COTY)’s beta value is holding at 2.51, while the average true range (ATR) indicator is currently reading 0.29. Considering analysts have assigned the stock a price target range of $6.00-$15.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $10.38. Based on this estimate, we see that current price is roughly 26.56% off the estimated low and -83.6% off the forecast high. Investors will no doubt be excited to see the share price fall to $10.00, which is the median consensus price, and at that level COTY would be -22.4% from current price.
Turning out attention to how the Coty Inc. stock has performed in comparison to its peers in the industry, here’s what we find: COTY’s stock is 3.03% on the day and 104.76% in the past 12 months, while The Estee Lauder Companies Inc. (EL) traded 0.39% in the last session and was positioned 58.82% up on its price 12 months ago. Another comparison is with Inter Parfums Inc. (IPAR) whose stock price was down -0.18% in the last trading session, and has flourished 70.64% over the past year. Also, The Procter & Gamble Company (PG) showed down trend of -0.81% while its price kept floating at 3.37% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.15% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.09%.
An analysis of the Coty Inc. (NYSE:COTY) stock in terms of its daily trading volume indicates that the 3-month average is 5.59 million.
Current records show that the company has 765.40M in outstanding shares. The insiders’ percentage holdings are 62.40% of outstanding shares while the percentage share held by institutions stands at 50.60%. But the 16.38% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.