Corteva Inc. (NYSE:CTVA) shares fell to a low of $46.54 before closing at $46.75. Intraday shares traded counted 2.2 million, which was 37.39% higher than its 30-day average trading volume of 3.51M. CTVA’s previous close was $47.74 while the outstanding shares total 746.30M. The firm has a 12-month trailing P/E ratio of 47.80, and a growth ratio of 2.62. The stock’s Relative Strength Index (RSI) is 52.54, with weekly volatility at 2.11% and ATR at 1.23. The CTVA stock’s 52-week price range has touched low of $22.38 and a $48.48 high. The stock traded lower over the last trading session, losing -2.07% on 04/07/21.
Investors have identified the Agricultural Inputs company Corteva Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $34.54 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Corteva Inc. (CTVA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CTVA, the company has in raw cash 3.53 billion on their books with 3.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 14.77 billion total, with 8.55 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.34 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CTVA sounds very interesting.
Is the stock of CTVA attractive?
In related news, See Remarks, TITUS BRIAN sold 8,545 shares of the company’s stock in a transaction that recorded on Dec 04. The sale was performed at an average price of 38.50, for a total value of 328,984. As the sale deal closes, the SVP, Chief Technology Officer, GUTTERSON NEAL now sold 26,211 shares of the company’s stock, valued at 970,069. Also, SVP, Chief Technology Officer, GUTTERSON NEAL sold 13,115 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were price at an average price of 35.78 per share, with a total market value of 469,255. Following this completion of acquisition, the Director, PAGE GREGORY R now holds 5,000 shares of the company’s stock, valued at 126,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
12 out of 22 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Corteva Inc.. 2 analysts has assigned a Sell rating on the CTVA stock. The 12-month mean consensus price target for the company’s shares has been set at $46.05.