Why is Coastal Corporat falling/rising?

As of 24-Sep, Coastal Corporation Ltd's stock price is currently at 33.70, reflecting a decrease of 0.32, or 0.94%. The stock has been on a downward trend, experiencing consecutive falls for the last four days, resulting in a total decline of 11.92% during this period. It is trading below all key moving averages, indicating weak momentum. Despite a significant growth in net profit of 88.85% and attractive valuation metrics such as a PEG ratio of 0.5, the stock has underperformed with a year-to-date decline of 36.65% and a one-year return of -34.03%. The company's high debt to EBITDA ratio and weak long-term fundamental strength contribute to investor concerns, leading to its current price movement.
In the broader market context, Coastal Corporation's recent performance contrasts sharply with the benchmark, as it has declined by 8.32% over the past week while the Sensex has only fallen by 1.18%. The stock's consistent underperformance over the last three years, coupled with a lack of profitability as indicated by a low return on equity of 4.66%, further exacerbates its challenges. Although there has been a rise in investor participation, the overall sentiment remains cautious due to the stock's historical performance and fundamental weaknesses, which continue to weigh on its price.