Corteva Inc (NYSE: CTVA) has experienced a rise in its stock price by 0.58 compared to its previous closing price of 60.86. However, the company has seen a gain of 0.13% in its stock price over the last five trading days. zacks.com reported 2024-11-01 that Evaluate the expected performance of Corteva, Inc. (CTVA) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Is It Worth Investing in Corteva Inc (NYSE: CTVA) Right Now?
Corteva Inc (NYSE: CTVA) has a price-to-earnings ratio of 47.37x that is above its average ratio. Additionally, the 36-month beta value for CTVA is 0.78. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CTVA is 691.14M and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of CTVA on November 05, 2024 was 2.84M shares.
CTVA’s Market Performance
The stock of Corteva Inc (CTVA) has seen a 0.13% increase in the past week, with a 4.94% rise in the past month, and a 19.60% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.60% for CTVA. The simple moving average for the last 20 days is 3.23% for CTVA’s stock, with a simple moving average of 11.42% for the last 200 days.
Analysts’ Opinion of CTVA
Many brokerage firms have already submitted their reports for CTVA stocks, with Citigroup repeating the rating for CTVA by listing it as a “Buy.” The predicted price for CTVA in the upcoming period, according to Citigroup is $68 based on the research report published on October 23, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CTVA reach a price target of $67, previously predicting the price at $59. The rating they have provided for CTVA stocks is “Buy” according to the report published on October 16th, 2024.
CTVA Trading at 5.77% 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 -1.88% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +6.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.13% upper at present.
During the last 5 trading sessions, CTVA rose by +0.13%, which changed the moving average for the period of 200-days by +34.23% in comparison to the 20-day moving average, which settled at $59.30. In addition, Corteva Inc saw 27.73% 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:
- 0.13 for the present operating margin
- 0.42 for the gross margin
The net margin for Corteva Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 3.40, with 2.04 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 0.45. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 9.55.
Currently, EBITDA for the company is 3.25 billion with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.66. The receivables turnover for the company is 2.21for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In conclusion, Corteva Inc (CTVA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
