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Is Corteva Inc (CTVA) a good stock to buy now?

Corteva Inc (NYSE: CTVA) is 19.95% higher on its value in year-to-date trading and has touched a low of $43.22 and a high of $58.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTVA stock was last observed hovering at around $57.83 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $57.48, the stock is 4.13% and 3.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.63 million and changing -0.61% at the moment leaves the stock 12.50% off its SMA200. CTVA registered -0.16% loss for a year compared to 6-month gain of 18.22%.

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The stock witnessed a 1.81% loss in the last 1 month and extending the period to 3 months gives it a 7.24%, and is 0.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 1.86% over the month.

Corteva Inc (CTVA) has around 22500 employees, a market worth around $40.06B and $16.83B in sales. Current P/E ratio is 73.31 and Fwd P/E is 16.63. Profit margin for the company is 3.32%. Distance from 52-week low is 32.99% and -2.26% from its 52-week high. The company has generated returns on investments over the last 12 months (2.05%).

with sales reaching $6.24B over the same period. The EPS is expected to grow by 5.22% this year, but quarterly earnings will post 1.50% year-over-year.

Corteva Inc (CTVA) Top Institutional Holders

The shares outstanding are 701.26M, and float is at 695.83M with Short Float at 1.47%.

Corteva Inc (CTVA) Insider Activity

The most recent transaction is an insider sale by TITUS BRIAN. SEC filings show that TITUS BRIAN sold 12,134 shares of the company’s common stock on May 06 ’24 at a price of $56.65 per share for a total of $0.69 million. Following the sale, the insider now owns 13495.0 shares.

Corteva Inc disclosed in a document filed with the SEC on Nov 28 ’23 that Eathington Samuel Rbought a total of 1,094 shares of the company’s common stock. The trade occurred on Nov 28 ’23 and was made at $46.07 per share for $50401.0. Following the transaction, the insider now directly holds 41066.0 shares of the CTVA stock.

Still, SEC filings show that on Nov 14 ’23, GLENN TIMOTHY P (EVP, Seed Business Unit) acquired 4,000 shares at an average price of $45.99 for $0.18 million. The insider now directly holds 163,121 shares of Corteva Inc (CTVA).

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