Corning, Inc (GLW) concluded trading on Thursday at a closing price of $53.65, with 4.79 million shares of worth about $257.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.97% during that period and on February 06, 2025 the price saw a gain of about 0.68%. Currently the company’s common shares owned by public are about 813.00M shares, out of which, 779.07M shares are available for trading.
Stock saw a price change of 7.32% in past 5 days and over the past one month there was a price change of 10.98%. Year-to-date (YTD), GLW shares are showing a performance of 12.90% which increased to 67.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.72 but also hit the highest price of $55.33 during that period. The average intraday trading volume for Corning, Inc shares is 4.89 million. The stock is currently trading 5.87% above its 20-day simple moving average (SMA20), while that difference is up 9.20% for SMA50 and it goes to 24.04% higher than SMA200.
Corning, Inc (NYSE: GLW) currently have 813.00M outstanding shares and institutions hold larger chunk of about 72.39% of that.
The stock has a current market capitalization of $45.94B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 91.58, while it has posted earnings per share of $0.59 in the same period. Its PEG reads 6.51 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.67. 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 2.81% while standing at 3.06% over the month.
Stock’s fiscal year EPS is expected to rise by 19.68% while it is estimated to increase by 15.26% in next year. EPS is likely to grow at an annualized rate of 14.06% for next 5-years, compared to annual growth of -11.49% 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 HSBC Securities on January 30, 2025 offering a Buy rating for the stock and assigned a target price range of between $51 and $60 to it. Coverage by Mizuho stated Corning, Inc (GLW) stock as an Outperform in their note to investors on August 21, 2024, suggesting a price target of $47 for the stock. On July 31, 2024, Deutsche Bank Upgrade their recommendations, while on July 09, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $37. Stock get an Overweight rating from Fox Advisors on June 17, 2024.
