Corteva Inc (NYSE:CTVA) price closed lower on Tuesday, April 16, dropping -0.65% below its previous close.
A look at the daily price movement shows that the last close reads $53.67. The company’s 5Y monthly beta was ticking 0.77 while its P/E ratio in the trailing 12-month period read 52.34. Taking into account the 52-week price action we note that the stock hit a 52-week high of $63.06 and 52-week low of $43.22. The stock subtracted -3.21% on its value in the past month.
Corteva Inc, which has a market valuation of $37.26 billion, is expected to release its quarterly earnings report May 01, 2024 – May 06, 2024. The company stock has a Forward Dividend ratio of 0.63, while the dividend yield is 1.18%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CTVA a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 4.38. The overview shows that CTVA’s price is at present -5.18% off the SMA20 and -3.10% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.50, with weekly volatility standing at 2.32%. The indicator jumps to 1.71% when calculated based on the past 30 days. Corteva Inc (NYSE:CTVA)’s beta value is holding at 0.80, while the average true range (ATR) indicator is currently reading 1.07.
An analysis of the Corteva Inc (NYSE:CTVA) stock in terms of its daily trading volume indicates that the 3-month average is 3.77 million.
Current records show that the company has 701.26M in outstanding shares. The insiders’ percentage holdings are 0.16% of outstanding shares while the percentage share held by institutions stands at 82.57%. But the 11.27% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
