Analysts Predict A Surge In Coty Inc (NYSE: COTY)?

Coty Inc (NYSE:COTY) shares, rose in value on Thursday, April 04, with the stock price up by 3.72% to the previous day’s close as strong demand from buyers drove the stock to $11.30.

Actively observing the price movement in the recent trading, the stock is buoying the session at $10.89. The value of beta (5-year monthly) is 1.83 whereas the PE ratio is 32.63 over 12-month period. Referring to stock’s 52-week performance, its high was $13.46, and the low was $9.02. On the whole, COTY has fluctuated by -10.21% over the past month.

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With the market capitalization of Coty Inc currently standing at about $10.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.06 for fiscal year $0.45 and then to about $0.56 by fiscal year 2025. Data indicates that the EPS growth is expected to be -15.10% in 2025, while the next year’s EPS growth is forecast to be 24.40%.

Analysts have estimated the company’s revenue for the quarter at $1.37 billion, with a low estimate of $1.33 billion and a high estimate of $1.4 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.13 billion, representing an increase of 10.30% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that COTY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.78, with the price of COTY currently trading nearly -6.60% and -7.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.54, while the 7-day volatility ratio is showing 3.26% which for the 30-day chart, stands at 2.66%. Furthermore, Coty Inc (COTY)’s beta value is 1.85, and its average true range (ATR) is 0.38.

A comparison of Coty Inc (COTY) with its peers suggests the former has fared considerably weaker in the market. COTY showed an intraday change of 3.72% in today’s session so far, and over the past year, it shrunk by -6.81%%.

Data on historical trading for Coty Inc (NYSE:COTY) indicates that the trading volumes over the past 10 days have averaged 3.46 million and over the past 3 months, they’ve averaged 3.88 million. According to company’s latest data on outstanding shares, there are 852.80 million shares outstanding.

Nearly 56.05% of Coty Inc’s shares belong to company insiders and institutional investors own 43.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.72 million shares as on Mar 15, 2024, resulting in a short ratio of 5.28. According to the data, the short interest in Coty Inc (COTY) stood at 2.20% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 22.71 million. The stock has fallen by -9.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COTY stock heading into the next quarter.