On Monday, Corteva Inc (NYSE: CTVA) was -0.17% down from the session before settling in for the closing price of $53.76. A 52-week range for CTVA has been $43.22 – $63.37.
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Annual sales at Basic Materials sector company grew by 3.98% over the past five years. When this article was written, the company’s average yearly earnings per share was at 5.37%. With a float of $697.75 million, this company’s outstanding shares have now reached $701.26 million.
Let’s look at the performance matrix of the company that is accounted for 22500 employees.
Corteva Inc (CTVA) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Corteva Inc stocks. The insider ownership of Corteva Inc is 0.16%, while institutional ownership is 82.57%. The most recent insider transaction that took place on Nov 28 ’23, was worth 50,401. In this transaction an insider of this company bought 1,094 shares at a rate of $46.07, taking the stock ownership to the 41,066 shares. Before that another transaction happened on Nov 14 ’23, when Company’s EVP, Seed Business Unit bought 4,000 for $45.99, making the entire transaction worth $183,944. This insider now owns 163,121 shares in total.
Corteva Inc (CTVA) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 53.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.37% per share during the next fiscal year.
Corteva Inc (NYSE: CTVA) Trading Performance Indicators
You can see what Corteva Inc (CTVA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.18. Likewise, its price to free cash flow for the trailing twelve months is 31.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.02, a number that is poised to hit 0.84 in the next quarter and is forecasted to reach 3.45 in one year’s time.
Technical Analysis of Corteva Inc (CTVA)
Corteva Inc (NYSE: CTVA) saw its 5-day average volume 2.5 million, a negative change from its year-to-date volume of 3.69 million. As of the previous 9 days, the stock’s Stochastic %D was 10.80%. Additionally, its Average True Range was 1.10.
During the past 100 days, Corteva Inc’s (CTVA) raw stochastic average was set at 68.44%, which indicates a significant increase from 9.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.09% in the past 14 days, which was lower than the 34.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.02, while its 200-day Moving Average is $51.14. Nevertheless, the first resistance level for the watch stands at $54.44 in the near term. At $55.22, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.84. If the price goes on to break the first support level at $53.04, it is likely to go to the next support level at $52.42. The third support level lies at $51.64 if the price breaches the second support level.
Corteva Inc (NYSE: CTVA) Key Stats
There are 698,880K outstanding shares of the company, which has a market capitalization of 37.51 billion. As of now, sales total 17,226 M while income totals 735,000 K. Its latest quarter income was 3,707 M while its last quarter net income were -253,000 K.
