Corteva Inc (CTVA) concluded trading on Wednesday at a closing price of $59.78, with 5.43 million shares of worth about $324.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.09% during that period and on December 11, 2024 the price saw a gain of about 0.61%. Currently the company’s common shares owned by public are about 689.17M shares, out of which, 686.16M shares are available for trading.
Stock saw a price change of -2.27% in past 5 days and over the past one month there was a price change of 2.15%. Year-to-date (YTD), CTVA shares are showing a performance of 24.75% which increased to 30.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.01 but also hit the highest price of $64.20 during that period. The average intraday trading volume for Corteva Inc shares is 3.16 million. The stock is currently trading -0.61% below its 20-day simple moving average (SMA20), while that difference is up 0.38% for SMA50 and it goes to 6.66% higher than SMA200.
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Corteva Inc (NYSE: CTVA) currently have 689.17M outstanding shares and institutions hold larger chunk of about 85.38% of that.
The stock has a current market capitalization of $41.09B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 60.57, while it has posted earnings per share of $0.99 in the same period. Its PEG reads 5.78 and has Quick Ratio of 0.96 while making debt-to-equity ratio of 0.23. 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 2.16% while standing at 2.38% over the month.
Stock’s fiscal year EPS is expected to drop by -4.66% while it is estimated to increase by 26.22% 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 Citigroup on October 23, 2024 offering a Buy rating for the stock and assigned a target price of $68 to it. Coverage by BofA Securities stated Corteva Inc (CTVA) stock as a Buy in their note to investors on October 16, 2024, suggesting a price target of $67 for the stock. On August 07, 2024, Argus Downgrade their recommendations, while on April 12, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $57. Stock get an Outperform rating from Wolfe Research on March 01, 2024.
