A new trading day began on Tuesday, with Corteva Inc (NYSE: CTVA) stock price down -0.37% from the previous day of trading, before settling in for the closing price of $62.23. CTVA’s price has ranged from $43.89 to $64.20 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 3.98%. Meanwhile, its annual earnings per share averaged -4.64%. With a float of $686.19 million, this company’s outstanding shares have now reached $689.17 million.
The extent of productivity of a business whose workforce counts for 22500 workers is very important to gauge. In terms of profitability, gross margin is 41.71%, operating margin of 11.8%, and the pretax margin is 5.19%.
Corteva Inc (CTVA) Insider Updates
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 85.37%. The most recent insider transaction that took place on Nov 26 ’24, was worth 2,388,367. In this transaction SVP, Gen Counsel and Secretary of this company sold 37,672 shares at a rate of $63.40, taking the stock ownership to the 126,961 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Officer proposed sale 37,672 for $63.40, making the entire transaction worth $2,388,314.
Corteva Inc (CTVA) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.15 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 1.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.64% 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 0.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.56. Likewise, its price to free cash flow for the trailing twelve months is 24.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.99, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 3.24 in one year’s time.
Technical Analysis of Corteva Inc (CTVA)
The latest stats from [Corteva Inc, CTVA] show that its last 5-days average volume of 2.96 million was inferior to 3.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.65%. Additionally, its Average True Range was 1.47.
During the past 100 days, Corteva Inc’s (CTVA) raw stochastic average was set at 84.17%, which indicates a significant increase from 75.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.72% in the past 14 days, which was higher than the 25.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.31, while its 200-day Moving Average is $55.89. Now, the first resistance to watch is $62.46. This is followed by the second major resistance level at $62.91. The third major resistance level sits at $63.34. If the price goes on to break the first support level at $61.58, it is likely to go to the next support level at $61.15. Assuming the price breaks the second support level, the third support level stands at $60.70.
Corteva Inc (NYSE: CTVA) Key Stats
With a market capitalization of 42.61 billion, the company has a total of 687,293K Shares Outstanding. Currently, annual sales are 17,226 M while annual income is 735,000 K. The company’s previous quarter sales were 2,326 M while its latest quarter income was -524,000 K.
