The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Corteva Inc. (CTVA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 0.23%, to $51.99. The Corteva Inc. has recorded 1,274,441 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Corteva Agriscience Launches Breakthrough Innovation to Control Crop-damaging Nematodes, Protect Natural Soil Health.
The company is listed on the NYSE and operates within the Agricultural Inputs industry segment. At the end of the last regular session, the stock closed at $51.87 and fluctuated between $52.71 as its day high and $51.68 as its day low. The current market capitalization of Corteva Inc. is $36.86B. A total of 3.45 million shares were traded on the day, compared to an average of 4.20M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CTVA has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 1,210 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 20 SELLs from insiders. Insiders purchased 249,059 shares during that period but sold 73,822.
In the most recent transaction, ANDERSON DAVID J bought 2,000 shares of CTVA for 52.97 per share on Sep 15. After the transaction, the EVP, Chief Financial Officer now owns 65,308 company shares. In a previous transaction on Feb 06, Magro Charles V. bought 40,000 shares at 60.64 per share. CTVA shares that Chief Executive Officer owns now total 126,095.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Corteva Inc. pays an annual dividend of $0.64, resulting in a dividend yield of 1.23%, and it has a price to earnings (P/E) ratio of 33.29. CTVA’s most recent ex-dividend date was 8/31/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/31/2023. The CTVA stock dividend was $0.15 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CTVA in the last 3 months, the mean price target is $69.45 with high estimates of $82.00 and low estimates of $57.00. In terms of 52-week highs and lows, CTVA has a high of $68.43 and a low of $48.68.
As of this writing, CTVA has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.42. The company reported an EPS of $1.16 in the last quarter, which was 24.70% higher than expectations of $0.93.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CTVA’s latest balance sheet shows that the firm has $4.54B in Cash & Short Term Investments as of fiscal 2021. There were $1.12B in debt and $9.56B in liabilities at the time. Its Book Value Per Share was $36.89, while its Total Shareholder’s Equity was $25.62B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTVA is Buy with a score of 4.63.