A new trading day began on Tuesday, with Corteva Inc (NYSE: CTVA) stock price down -0.22% from the previous day of trading, before settling in for the closing price of $59.25. CTVA’s price has ranged from $43.22 to $59.68 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 3.98%. Meanwhile, its annual earnings per share averaged -0.62%. With a float of $691.14 million, this company’s outstanding shares have now reached $701.26 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Agricultural Inputs Industry. The insider ownership of Corteva Inc is 0.16%, while institutional ownership is 84.38%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.23 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -0.62% per share during the next fiscal year.
Corteva Inc (NYSE: CTVA) Trading Performance Indicators
Here are Corteva Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42. Likewise, its price to free cash flow for the trailing twelve months is 27.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.29, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 3.32 in one year’s time.
Technical Analysis of Corteva Inc (CTVA)
Looking closely at Corteva Inc (NYSE: CTVA), its last 5-days average volume was 2.63 million, which is a drop from its year-to-date volume of 3.26 million. As of the previous 9 days, the stock’s Stochastic %D was 89.58%. Additionally, its Average True Range was 1.02.
During the past 100 days, Corteva Inc’s (CTVA) raw stochastic average was set at 94.21%, which indicates a significant increase from 86.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.49% in the past 14 days, which was lower than the 22.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.55, while its 200-day Moving Average is $54.25. However, in the short run, Corteva Inc’s stock first resistance to watch stands at $59.44. Second resistance stands at $59.76. The third major resistance level sits at $60.31. If the price goes on to break the first support level at $58.56, it is likely to go to the next support level at $58.01. Now, if the price goes above the second support level, the third support stands at $57.69.
Corteva Inc (NYSE: CTVA) Key Stats
With a market capitalization of 40.93 billion, the company has a total of 696,976K Shares Outstanding. Currently, annual sales are 17,226 M while annual income is 735,000 K. The company’s previous quarter sales were 6,112 M while its latest quarter income was 1,053 M.
