Approximately 10,000 Shares Of Corteva Inc. (CTVA) Were Sold By This Insider.

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BBAI
BBAI

Corteva Inc. (NYSE:CTVA) finished Thursday with a subtraction of -$2.08 to close at $57.68, a downside of -3.48 percent. An average of 2,430,605 shares of common stock have been traded in the last five days. There was a fall of -$3.85 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 3,231,501 shares traded, while the 50-day average volume stands at 2,817,856.

CTVA stock has decreased by -3.25% in the last month. The company shares reached their 1-month lowest point of $57.44 on 09/23/22. With the stock rallying to its 52-week high on 09/14/22, shares of the company touched a low of $41.37 and a high of $64.30 in 52 weeks. It has reached a new high 28 times so far this year and achieved 26.40% or $10.22 in price. In spite of this, the price is down -10.30% from the 52-week high.


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Insider Transactions

8 days have passed since Corteva Inc. (CTVA) last reported insider trading activity. Grimm Audrey most recently acquired $10,000 shares at $62.79 per share on Sep 15. In this transaction, the insider spent $627,932. Director, Engel Klaus A, disposed of 3,000 shares at a price of $52.76 on Mar 15. The insider now owns more than $158,280 worth of shares. Prior to that, Cassidy Meghan went on to Sale 87,022 shares at $51.53 each on Mar 02. An amount of $4,484,244 was transacted.

Valuation Metrics

Corteva Inc. (CTVA) has a trailing price-to-earnings (P/E) ratio of 24.76. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.60, the price-to-book (PB) ratio at 1.67, and the price-to-cash flow ratio at 60.48.

The company has a payout ratio of 23.60%. The company’s most recent quarterly dividend payment was $0.15 a share, representing a up of 7.14% from $0.14 last year. Its latest increase dividend $0.01 reported on Friday July 22 2022.

Financial Health

The quick ratio of Corteva Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.08 for the quarter ending June 29. Its gross profit as reported stood at $6.43 billion compared to revenue of $15.65 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Corteva Inc.’s return on assets was 4.10%.

Earnings Surprise

For the three-month period that ended June 29, Corteva Inc. had $254.0 million in cash and short-term investments compared to $1.28 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $969.0 million in the quarter, while revenues were grew 38.08%. The analyst consensus anticipated Corteva Inc.’s latest quarter earnings to come in at $1.46 per share, but it turned out to be $1.64, a 12.30% surprise. For the quarter, EBITDA amounted to $1.65 billion. Shareholders own equity worth $718.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Corteva Inc. (CTVA) price momentum. RSI 9-day as of the close on 22 September was 27.74%, suggesting the stock is oversold, with historical volatility in this time frame at 30.46%.

As of today, CTVA’s price is $59.86 -6.28% or -$3.85 from its 5-day moving average. CTVA is currently trading -9.08% lower than its 20-day SMA and +0.28% higher than its 100-day SMA. However, the stock’s current price level is +11.67% above the SMA50 and +20.42% above the SMA200.

The stochastic %K and %D were 4.15% and 14.73%, respectively, and the average true range (ATR) was 1.74. With the 14-day stochastic at 0.87% and the average true range at 1.64, the RSI (14) stands at 35.53%. The stock has reached -2.20 on the 9-day MACD Oscillator while the 14-day reading was at -2.46.

Analyst Ratings

ROTH Capital upgraded Corteva Inc. (NYSE: CTVA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Corteva Inc. (CTVA) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CTVA, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.

What is CTVA’s price target for the next 12 months?

Analysts predict a range of price targets between $55.90 and $80.00, with a median target of $70.00. Taking a look at these predictions, the average price target given by analysts for Corteva Inc. (CTVA) stock is $68.47.

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