Corteva Inc (NYSE:CTVA) currently has a daily average trading volume of 2.84M but it saw 3009967 shares traded in last market. With a market cap of 40.59B USD, the company’s current market price of $58.64 came rising about 1.12 while comparing to the previous closing price of $57.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $59.08 and as low as $43.22. In the recent trading on the day, stock has struck highest price mark of $57.8488 while lowest mark touched by it was $58.91.
Taking a look at 20-day trading activity of Corteva Inc (CTVA) gives us an average price of $57.05, while its current price level is -0.74% below from 52-week high level whereas it is 35.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $55.20 while that of 200 days or SMA-200 reads an average of $53.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.47% during that period while stretching the period over a month that increases to 1.87%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.82 which implies that the stock is in neutral territory.
JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on April 12, 2024 while assigning a price target range of $58-$57. Wolfe Research issued its recommendations for the stock as it initiated the price target for the stock is $67.
Over the week, CTVA’s stock price is moving 2.61% up while it is 5.52% when we observe its performance for the past one month. Year-to-date it is 22.37% up and over the past year, the stock is showing an upside performance of 17.16%.
Currently, Corteva Inc’s total number of outstanding shares is 701.26M. Company’s return on investment (ROI) stands at 3.25% and return on equity (ROE) at 3.40%. It has a price to earnings ratio (P/E ratio) of 45.38 while having a 17.65 of forward P/E ratio. Stock’s beta reads 0.78. Stock has a price to book (P/B) ratio of 1.62 while price to sale or P/S ratio amounts to 2.40. Its return on asset (ROA) is 2.04% on average.
