Overall market sentiment has been high on Coty Inc (COTY) stock lately. COTY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Coty Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on COTY!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With COTY Stock Today?
Coty Inc (COTY) stock is higher by 0.26% while the S&P 500 is lower by -0.09% as of 9:48 AM on Friday, Dec 1. COTY has risen $0.03 from the previous closing price of $11.40 on volume of 269,738 shares. Over the past year the S&P 500 is up 11.85% while COTY has risen 45.24%. COTY earned $0.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.36.
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More About Coty Inc
Coty is a global beauty company that sells fragrances (58% of fiscal 2021 revenue), color cosmetics (29%), and skin/body care (13%). The firm licenses brands such as Calvin Klein, Hugo Boss, Gucci, Burberry, and Davidoff for its prestige portfolio. Coty's most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, Sally Hansen, and Kylie. Coty also holds a minority stake in a salon and retail haircare business, including brands Wella, Clairol, OPI, and GHD. Francois Coty founded the firm in 1904 and it remained private until its 2013 IPO. It had focused on prestige fragrances and nail salon brands until the 2016 acquisition of Procter & Gamble's beauty business. This nearly doubled the firm's revenue base, and launched it into mass-channel cosmetics and professional hair care.
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