Corning, Inc. (GLW) concluded trading on Thursday at a closing price of $44.59, with 2.48 million shares of worth about $110.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.75% during that period and on October 03, 2024 the price saw a loss of about -0.71%. Currently the company’s common shares owned by public are about 820.00M shares, out of which, 775.89M shares are available for trading.
Stock saw a price change of -1.52% in past 5 days and over the past one month there was a price change of 8.12%. Year-to-date (YTD), GLW shares are showing a performance of 46.44% which increased to 48.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.26 but also hit the highest price of $46.39 during that period. The average intraday trading volume for Corning, Inc. shares is 6.63 million. The stock is currently trading 2.71% above its 20-day simple moving average (SMA20), while that difference is up 6.74% for SMA50 and it goes to 23.38% higher than SMA200.
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Corning, Inc. (NYSE: GLW) currently have 820.00M outstanding shares and institutions hold larger chunk of about 73.83% of that.
The stock has a current market capitalization of $38.16B and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 87.98, while it has posted earnings per share of $0.51 in the same period. Its PEG reads 6.31 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GLW, volatility over the week remained 1.67% while standing at 1.82% over the month.
Stock’s fiscal year EPS is expected to rise by 12.51% while it is estimated to increase by 18.53% in next year. EPS is likely to grow at an annualized rate of 13.93% for next 5-years, compared to annual growth of -9.80% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on August 21, 2024 offering an Outperform rating for the stock and assigned a target price range of between $44 and $47 to it. Coverage by Deutsche Bank stated Corning, Inc. (GLW) stock as a Buy in their note to investors on July 31, 2024, suggesting a price target of $46 for the stock. On July 09, 2024, HSBC Securities Upgrade their recommendations, while on June 17, 2024, Fox Advisors Upgrade their ratings for the stock with a price target of $45. Stock get an Equal-weight rating from Morgan Stanley on June 13, 2024.
