Corteva Inc (CTVA) concluded trading on Thursday at a closing price of $55.28, with 2.79 million shares of worth about $153.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.74% during that period and on July 25, 2024 the price saw a gain of about 2.71%. Currently the company’s common shares owned by public are about 701.26M shares, out of which, 695.96M shares are available for trading.
Stock saw a price change of 0.14% in past 5 days and over the past one month there was a price change of 4.22%. Year-to-date (YTD), CTVA shares are showing a performance of 15.36% which decreased to -1.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.22 but also hit the highest price of $58.76 during that period. The average intraday trading volume for Corteva Inc shares is 3.28 million. The stock is currently trading 3.67% above its 20-day simple moving average (SMA20), while that difference is up 2.45% for SMA50 and it goes to 7.05% higher than SMA200.
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Corteva Inc (NYSE: CTVA) currently have 701.26M outstanding shares and institutions hold larger chunk of about 86.38% of that.
The stock has a current market capitalization of $38.53B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 70.50, while it has posted earnings per share of $0.78 in the same period. Its PEG reads 5.22 and has Quick Ratio of 0.97 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTVA, volatility over the week remained 2.24% while standing at 2.01% over the month.
Stock’s fiscal year EPS is expected to rise by 3.22% while it is estimated to increase by 24.74% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on April 12, 2024 offering a Neutral rating for the stock and assigned a target price range of between $58 and $57 to it. Coverage by Wolfe Research stated Corteva Inc (CTVA) stock as an Outperform in their note to investors on March 01, 2024, suggesting a price target of $67 for the stock. On February 12, 2024, Loop Capital Upgrade their recommendations, while on February 02, 2024, Exane BNP Paribas Upgrade their ratings for the stock with a price target of $53. Stock get a Hold rating from Berenberg on November 27, 2023.