As of Friday close, Corteva Inc.’s (NYSE:CTVA) stock was down -$0.35, moving down -0.61 percent to $56.61. The average number of shares traded per day over the past five days has been 5,560,860 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.28 fall in that time frame. In the last twenty days, the average volume was 4,175,015, while in the previous 50 days, it was 3,704,708.
Since last month, CTVA stock retreated -8.86%. Shares of the company fell to $55.81 on 03/16/23, the lowest level in the past month. A 52-week high of $68.43 was reached on 02/01/23 after having rallying from a 52-week low of $50.03. Since the beginning of this year, CTVA’s stock price has dropped by -3.69% or -$2.17, and marked a new high 11 times. However, the stock has declined by -17.27% since its 52-week high.
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Sponsored
CTVA stock investors should be aware that Corteva Inc. (CTVA) stock had its last reported insider trading activity 40 days ago on Feb 06. Magro Charles V., the Chief Executive Officer of the company, purchased of 40,000 shares for $60.64 on Feb 06. It resulted in a $2,425,480 investment by the insider. Grimm Audrey sold 10,000 shares at an average price of $62.79 on Sep 15. The insider now owns 7,511 shares following the transaction.
Valuation Metrics
Right now, Corteva Inc. (CTVA) has a P/E ratio of about 34.35. The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 2.35, the price-to-book (PB) ratio of 1.60.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Friday July 22 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended December 30, Corteva Inc.’s quick ratio stood at 0.90, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.05, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 40.20% percent. In the year ended December 30, operating margins totaled 9.10%. Based on annual data, CTVA earned $7.02 billion in gross profit and brought in $17.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was 4.50%.
In Corteva Inc.’s quarter-end financial report for December 30, it reported total debt of $1.28 billion against cash and short-term investments of $124.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CTVA’s revenue rose 60.84% to $2.78 billion during the quarter, while net income inched up to $6.05 billion. While analysts expected Corteva Inc. to report $0.05 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated $137.0 million in EBITDA. The liabilities of Corteva Inc. were 17.08 billion at the end of its most recent quarter ended December 30, and its total debt was $1.31 billion. The value of shareholders’ equity is $712.82 million.
Technical Picture
This quick technical analysis looks at Corteva Inc.’s (CTVA) price momentum. With a historical volatility rate of 20.52%, the RSI 9-day stood at 22.35% on 17 March.
With respect to its five-day moving average, the current Corteva Inc. price is down by -3.87% percent or -$2.28. At present, CTVA shares trade -9.78% below its 20-day simple moving average and -9.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.16% below its SMA50 and -9.60% below its SMA200.
Stochastic coefficient K was 10.89% and Stochastic coefficient D was 13.60%, while ATR was 1.60. Given the Stochastic reading of 9.72% for the 14-day period, the RSI (14) reading has been calculated as 29.68%. As of today, the MACD Oscillator reading stands at -2.30, while the 14-day reading stands at -3.68.