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Coty Inc (COTY) Is Now En Route to Higher Prices

Coty Inc (NYSE: COTY) is -15.46% lower on its value in year-to-date trading and has touched a low of $9.02 and a high of $13.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COTY stock was last observed hovering at around $10.51 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $10.50, the stock is -9.00% and -12.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.33 million and changing -0.10% at the moment leaves the stock -9.33% off its SMA200. COTY registered -13.79% loss for a year compared to 6-month gain of 11.35%.

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The stock witnessed a -14.84% loss in the last 1 month and extending the period to 3 months gives it a -14.22%, and is -5.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.00% over the week and 2.81% over the month.

Coty Inc (COTY) has around 11350 employees, a market worth around $9.40B and $6.01B in sales. Current P/E ratio is 30.33 and Fwd P/E is 18.73. Profit margin for the company is 5.17%. Distance from 52-week low is 16.47% and -21.99% from its 52-week high. The company has generated returns on investments over the last 12 months (3.65%).

The EPS is expected to shrink by -15.48% this year.

Coty Inc (COTY) Top Institutional Holders

The shares outstanding are 852.80M, and float is at 393.36M with Short Float at 5.79%.

Coty Inc (COTY) Insider Activity

The most recent transaction is an insider sale by Singer Robert S,the company’sDirector. SEC filings show that Singer Robert S sold 30,000 shares of the company’s common stock on Mar 06 ’24 at a price of $12.70 per share for a total of $0.38 million. Following the sale, the insider now owns 0.12 million shares.

Coty Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Singer Robert S (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $12.72 per share for $0.25 million. Following the transaction, the insider now directly holds 0.12 million shares of the COTY stock.

Still, SEC filings show that on Mar 05 ’24, Singer Robert S (Director) disposed off 19,982 shares at an average price of $12.60 for $0.25 million. The insider now directly holds 150,000 shares of Coty Inc (COTY).

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