Corteva Inc (NYSE: CTVA) on Monday, soared 0.85% from the previous trading day, before settling in for the closing price of $55.33. Within the past 52 weeks, CTVA’s price has moved between $43.22 and $58.76.
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Annual sales at Basic Materials sector company grew by 3.98% over the past five years. The company achieved an average annual earnings per share of 0.04%. With a float of $691.21 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. In terms of profitability, gross margin is 42.14%, operating margin of 12.82%, and the pretax margin is 6.23%.
Corteva Inc (CTVA) Insider and Institutional Ownership
Observing investor behavior towards Agricultural Inputs industry stocks is more important than anything else. The insider ownership of Corteva Inc is 0.15%, while institutional ownership is 86.04%. The most recent insider transaction that took place on May 14 ’24, was worth 2,281,244. In this transaction SVP, Gen Counsel and Secretary of this company sold 39,736 shares at a rate of $57.41, taking the stock ownership to the 126,628 shares. Before that another transaction happened on May 09 ’24, when Company’s See Remarks sold 31,686 for $57.64, making the entire transaction worth $1,826,381. This insider now owns 53,854 shares in total.
Corteva Inc (CTVA) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.23 earnings per share (EPS) for the period topping the consensus outlook (set at -0.23) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.04% per share during the next fiscal year.
Corteva Inc (NYSE: CTVA) Trading Performance Indicators
Corteva Inc (CTVA) is currently performing well based on its current performance indicators. A quick ratio of 1.17 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.29. Likewise, its price to free cash flow for the trailing twelve months is 25.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.29, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach 3.34 in one year’s time.
Technical Analysis of Corteva Inc (CTVA)
Corteva Inc (NYSE: CTVA) saw its 5-day average volume 3.75 million, a positive change from its year-to-date volume of 3.36 million. As of the previous 9 days, the stock’s Stochastic %D was 21.33%. Additionally, its Average True Range was 1.09.
During the past 100 days, Corteva Inc’s (CTVA) raw stochastic average was set at 66.17%, which indicates a significant increase from 56.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.59% in the past 14 days, which was lower than the 24.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $53.81, while its 200-day Moving Average is $52.52. Nevertheless, the first resistance level for the watch stands at $56.29 in the near term. At $56.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.31. If the price goes on to break the first support level at $55.27, it is likely to go to the next support level at $54.75. The third support level lies at $54.25 if the price breaches the second support level.
Corteva Inc (NYSE: CTVA) Key Stats
Market capitalization of the company is 38.63 billion based on 696,976K outstanding shares. Right now, sales total 17,226 M and income totals 735,000 K. The company made 6,112 M in profit during its latest quarter, and 1,053 M in sales during its previous quarter.
