On Friday, Corteva Inc (NYSE: CTVA) opened lower -0.71% from the last session, before settling in for the closing price of $60.78. Price fluctuations for CTVA have ranged from $43.22 to $61.20 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%. Company’s average yearly earnings per share was noted -0.80% at the time writing. 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) Insider Activity
A key investor’s attitude towards the stock of the Agricultural Inputs industry is another important factor to consider. The insider ownership of Corteva Inc is 0.16%, while institutional ownership is 84.40%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.23 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.23) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.80% per share during the next fiscal year.
Corteva Inc (NYSE: CTVA) Trading Performance Indicators
Check out the current performance indicators for Corteva Inc (CTVA). In the past quarter, the stock posted a quick ratio of 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.47. Likewise, its price to free cash flow for the trailing twelve months is 27.80.
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 3.34 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 2.9 million, which is a drop from its year-to-date volume of 3.25 million. As of the previous 9 days, the stock’s Stochastic %D was 89.38%. Additionally, its Average True Range was 1.04.
During the past 100 days, Corteva Inc’s (CTVA) raw stochastic average was set at 92.36%, which indicates a significant increase from 84.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.98% in the past 14 days, which was lower than the 21.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.06, while its 200-day Moving Average is $54.47. However, in the short run, Corteva Inc’s stock first resistance to watch stands at $60.93. Second resistance stands at $61.50. The third major resistance level sits at $61.80. If the price goes on to break the first support level at $60.05, it is likely to go to the next support level at $59.75. Should the price break the second support level, the third support level stands at $59.18.
Corteva Inc (NYSE: CTVA) Key Stats
There are currently 696,976K shares outstanding in the company with a market cap of 41.78 billion. Presently, the company’s annual sales total 17,226 M according to its annual income of 735,000 K. Last quarter, the company’s sales amounted to 6,112 M and its income totaled 1,053 M.
