Corteva Inc (NYSE: CTVA) has a higher price-to-earnings ratio of 71.99x compared to its average ratio. CTVA has 36-month beta value of 0.79. 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 695.85M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of CTVA on May 20, 2024 was 3.33M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CTVA) stock’s latest price update
Corteva Inc (NYSE: CTVA)’s stock price has plunge by 0.80relation to previous closing price of 56.00. Nevertheless, the company has seen a -1.79% plunge in its stock price over the last five trading sessions. investorplace.com reported 2024-05-15 that While agriculture stocks to buy have seen better days, a possible sector resurgence could rejuvenate dormant demand. Industry insiders have seen record-setting demand for grain, oilseeds and other sector-related commodities.
CTVA’s Market Performance
Corteva Inc (CTVA) has experienced a -1.79% fall in stock performance for the past week, with a 4.61% rise in the past month, and a 3.01% rise in the past quarter. The volatility ratio for the week is 1.81%, and the volatility levels for the past 30 days are at 1.81% for CTVA. The simple moving average for the last 20 days is 0.69% for CTVA stock, with a simple moving average of 10.43% for the last 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 1.10% 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 -4.01% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +3.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.60% upper at present.
During the last 5 trading sessions, CTVA fell by -1.79%, which changed the moving average for the period of 200-days by +0.98% in comparison to the 20-day moving average, which settled at $56.14. In addition, Corteva Inc saw 17.80% 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 FUERER CORNEL B, who sale 39,736 shares at the price of $57.41 back on May 14 ’24. After this action, FUERER CORNEL B now owns 126,628 shares of Corteva Inc, valued at $2,281,244 using the latest closing price.
Eathington Samuel R, the of Corteva Inc, sale 31,686 shares at $57.64 during a trade that took place back on May 09 ’24, which means that Eathington Samuel R is holding 53,854 shares at $1,826,381 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 0.03. The total capital return value is set at 0.04. Equity return is now at value 2.77, with 1.57 for asset returns.
Based on Corteva Inc (CTVA), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 5.95.
Currently, EBITDA for the company is 3.25 billion with net debt to EBITDA at 0.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.49. The receivables turnover for the company is 2.12for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
To put it simply, Corteva Inc (CTVA) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
