Corteva Inc (NYSE: CTVA) has a higher price-to-earnings ratio of 52.68x compared to its average ratio. CTVA has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTVA is 697.75M, and currently, short sellers hold a 1.37% ratio of that float. The average trading volume of CTVA on April 16, 2024 was 3.79M shares.
CTVA) stock’s latest price update
The stock price of Corteva Inc (NYSE: CTVA) has plunged by -0.17 when compared to previous closing price of 53.76, but the company has seen a -6.69% decline in its stock price over the last five trading sessions. Bloomberg Markets and Finance reported 2024-04-12 that Top calls today are Ciena, Corteva and VF Corp.
CTVA’s Market Performance
CTVA’s stock has fallen by -6.69% in the past week, with a monthly drop of -2.77% and a quarterly rise of 16.40%. The volatility ratio for the week is 2.47% while the volatility levels for the last 30 days are 1.73% for Corteva Inc The simple moving average for the past 20 days is -4.68% for CTVA’s stock, with a 4.91% simple moving average for the past 200 days.
Analysts’ Opinion of CTVA
Many brokerage firms have already submitted their reports for CTVA stocks, with JP Morgan repeating the rating for CTVA by listing it as a “Neutral.” The predicted price for CTVA in the upcoming period, according to JP Morgan is $57 based on the research report published on April 12, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see CTVA reach a price target of $67. The rating they have provided for CTVA stocks is “Outperform” according to the report published on March 01st, 2024.
Loop Capital gave a rating of “Buy” to CTVA, setting the target price at $65 in the report published on February 12th of the current year.
CTVA Trading at -2.47% 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 -15.30% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -2.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.72% lower at present.
During the last 5 trading sessions, CTVA fell by -6.69%, which changed the moving average for the period of 200-days by -5.74% in comparison to the 20-day moving average, which settled at $56.24. In addition, Corteva Inc saw 12.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTVA starting from Eathington Samuel R, who purchase 1,094 shares at the price of $46.07 back on Nov 28 ’23. After this action, Eathington Samuel R now owns 41,066 shares of Corteva Inc, valued at $50,401 using the latest closing price.
GLENN TIMOTHY P, the EVP, Seed Business Unit of Corteva Inc, purchase 4,000 shares at $45.99 during a trade that took place back on Nov 14 ’23, which means that GLENN TIMOTHY P is holding 163,121 shares at $183,944 based on the most recent closing price.
Stock Fundamentals for CTVA
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.42 for the gross margin
The net margin for Corteva Inc stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 3.69, with 2.17 for asset returns.
Based on Corteva Inc (CTVA), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 6.56.
Currently, EBITDA for the company is 3.25 billion with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 3.14for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
To put it simply, Corteva Inc (CTVA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
