It’s A Good Start, But Can The Momentum Continue? Coty Inc. (COTY)

Wall Street analysts will be watching closely when Coty Inc. (NYSE:COTY) reports its quarterly earnings next, which is scheduled for Wed 8 May (In 55 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.10 per share. In the preceding quarter, the company reportedly generated EPS of $0.24 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -9.70%, a profit margin of -13.60%62.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Coty Inc. (NYSE:COTY). Most recently, on January 4th, 2019, JP Morgan Upgrade a Neutral rating. Before that, on November 8th, 2018, Morgan Stanley Downgrade to Equal-Weight. Morgan Stanley Upgrade a Overweight rating on August 28th, 2018, SocieteGenerale Downgrade an Hold rating on August 22nd, 2018, and BofA/Merrill Downgrade a Underperform rating on August 16th, 2018.

At its current price point, combined with the fact that this company has 741.70M shares outstanding, the current market capitalization sits at 8.16B. In the last trading day, 14,873,388 shares of Coty Inc. were traded, which compares to its usual volume of about 11.54M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.14 in the past five trading days, resulting in a percentage change of +1.29% and a moving average of 10.96. In the past 20 days, its price changed by -$0.17 (which is -1.52%) and the stock’s moving average was 11.05. Looking back a full 50 days, shares of COTY changed by $4.44 (which is +67.68%) and demonstrated a moving average of 9.05.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 39.01%, a 14-day Stochastic %K score of 32.16% and a 20-day Stochastic %K score of 32.05%. Using a similar metric, Coty Inc. (COTY) shares showed a Stochastic %D of 34.31% over the past 9 days, a Stochastic %D score of 29.04% over the last 14 days, and a 20-day Stochastic %D of 46.51%. Meanwhile, this stock’s MACD Oscillator was -0.02 over the past 9 days, -0.06 over the past two weeks, and -0.09 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $11.00 level. Over the past 12 months, this stock has experienced a high price of $19.27 and a low of $5.91. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Fidelity Management Research Co purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Coty Inc. (NYSE:COTY) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 57,696,633 shares of the company’s stock following the addition of 3,432,144 to this investor’s holdings during the three-month period. This share count represents that Fidelity Management Research Co now held 7.68% stake in Coty Inc. (COTY)’s shares.

Just in the most recent trading day, Coty Inc. (NYSE:COTY) experienced a high price of $11.01 and low point of $10.945. At the end of the last trading session, this stock was at 11 per share, following a loss of -$0.02, or 0.00% during the full day.