Currently, there are 820.00M common shares owned by the public and among those 772.93M shares have been available to trade.
The company’s stock has a 5-day price change of -3.55% and 14.62% over the past three months. GLW shares are trading 25.88% year to date (YTD), with the 12-month market performance up to 15.80% higher. It has a 12-month low price of $25.26 and touched a high of $46.39 over the same period. GLW has an average intraday trading volume of 8.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.38%, -4.56%, and 15.17% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Corning, Inc. (NYSE: GLW) shares accounts for 72.14% of the company’s 820.00M shares outstanding.
It has a market capitalization of $32.80B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 75.63, while the earnings-per-share (ttm) stands at $0.51. The company has a PEG of 5.45 and a Quick Ratio of 0.98 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 2.27% over the month.
Analysts forecast that Corning, Inc. (GLW) will achieve an EPS of 0.53 for the current quarter, 0.53 for the next quarter and 2.28 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.5 while analysts give the company a high EPS estimate of 0.5. Comparatively, EPS for the current quarter was 0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 12.51%, and 18.78% over the next financial year. EPS should grow at an annualized rate of 13.87% over the next five years, compared to -9.80% over the past 5-year period.
Looking at the support for the GLW, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on July 31, 2024, with the firm’s price target at $46. HSBC Securities coverage for the Corning, Inc. (GLW) stock in a research note released on July 09, 2024 offered a Hold rating with a price target of $37. Fox Advisors was of a view on June 17, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Equal-Weight rating on June 13, 2024, issuing a price target of $35- $38. JP Morgan on their part issued Overweight rating on May 30, 2024.
