The stock of Corteva Inc (CTVA) has seen a 3.47% increase in the past week, with a -6.76% drop in the past month, and a -5.10% decrease in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 2.77% for CTVA. The simple moving average for the last 20 days is -1.84% for CTVA stock, with a simple moving average of -15.46% for the last 200 days.
Is It Worth Investing in Corteva Inc (NYSE: CTVA) Right Now?
The price-to-earnings ratio for Corteva Inc (NYSE: CTVA) is above average at 36.02x, while the 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
The average price point forecasted by analysts for Corteva Inc (CTVA) is $60.17, which is $13.31 above the current market price. The public float for CTVA is 703.75M, and currently, short sellers hold a 1.14% ratio of that floaft. The average trading volume of CTVA on November 21, 2023 was 4.01M shares.
CTVA) stock’s latest price update
The stock of Corteva Inc (NYSE: CTVA) has decreased by -0.97 when compared to last closing price of 47.32. Despite this, the company has experienced a 3.47% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-20 that Investors interested in Agriculture – Operations stocks are likely familiar with Dole (DOLE) and Corteva, Inc. (CTVA). But which of these two stocks is more attractive to value investors?
Analysts’ Opinion of CTVA
Many brokerage firms have already submitted their reports for CTVA stocks, with Barclays repeating the rating for CTVA by listing it as a “Equal Weight.” The predicted price for CTVA in the upcoming period, according to Barclays is $50 based on the research report published on November 14, 2023 of the current year 2023.
CTVA Trading at -5.60% from the 50-Day Moving Average
After a stumble in the market that brought CTVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.63% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -3.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.92% lower at present.
During the last 5 trading sessions, CTVA rose by +3.47%, which changed the moving average for the period of 200-days by -23.80% in comparison to the 20-day moving average, which settled at $47.64. In addition, Corteva Inc saw -20.28% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CTVA starting from GLENN TIMOTHY P, who purchase 4,000 shares at the price of $45.99 back on Nov 14. After this action, GLENN TIMOTHY P now owns 163,121 shares of Corteva Inc, valued at $183,944 using the latest closing price.
King Robert D., the EVP, Crop Protection Business of Corteva Inc, purchase 640 shares at $46.77 during a trade that took place back on Nov 14, which means that King Robert D. is holding 59,701 shares at $29,933 based on the most recent closing price.
Stock Fundamentals for CTVA
Current profitability levels for the company are sitting at:
- +10.84 for the present operating margin
- +35.98 for the gross margin
The net margin for Corteva Inc stands at +6.90. The total capital return value is set at 6.94, while invested capital returns managed to touch 4.48. Equity return is now at value 4.47, with 2.67 for asset returns.
Based on Corteva Inc (CTVA), the company’s capital structure generated 6.94 points at debt to equity in total, while total debt to capital is 6.49. Total debt to assets is 4.12, with long-term debt to equity ratio resting at 6.38. Finally, the long-term debt to capital ratio is 5.96.
When we switch over and look at the enterprise to sales, we see a ratio of 1.81, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 3.31 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
In a nutshell, Corteva Inc (CTVA) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.