Corning, Inc (GLW) concluded trading on Wednesday at a closing price of $47.21, with 5.37 million shares of worth about $253.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.46% during that period and on November 13, 2024 the price saw a loss of about -2.30%. Currently the company’s common shares owned by public are about 820.00M shares, out of which, 776.04M shares are available for trading.
Stock saw a price change of -2.14% in past 5 days and over the past one month there was a price change of 3.17%. Year-to-date (YTD), GLW shares are showing a performance of 55.04% which increased to 70.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.41 but also hit the highest price of $51.03 during that period. The average intraday trading volume for Corning, Inc shares is 4.49 million. The stock is currently trading -0.74% below its 20-day simple moving average (SMA20), while that difference is up 3.73% for SMA50 and it goes to 22.33% higher than SMA200.
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Corning, Inc (NYSE: GLW) currently have 820.00M outstanding shares and institutions hold larger chunk of about 73.21% of that.
The stock has a current market capitalization of $40.42B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 264.04, while it has posted earnings per share of $0.18 in the same period. Its PEG reads 16.45 and has Quick Ratio of 1.05 while making debt-to-equity ratio of 0.75. 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 1.83% while standing at 2.05% over the month.
Stock’s fiscal year EPS is expected to rise by 14.72% while it is estimated to increase by 18.50% in next year. EPS is likely to grow at an annualized rate of 16.05% 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.
