Currently, there are 813.00M common shares owned by the public and among those 779.37M shares have been available to trade.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The company’s stock has a 5-day price change of -6.40% and -3.59% over the past three months. GLW shares are trading -2.17% year to date (YTD), with the 12-month market performance up to 44.20% higher. It has a 12-month low price of $30.72 and touched a high of $55.33 over the same period. GLW has an average intraday trading volume of 5.05 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 -9.49%, -6.99%, and 3.81% respectively.
Institutional ownership of Corning, Inc (NYSE: GLW) shares accounts for 72.73% of the company’s 813.00M shares outstanding.
It has a market capitalization of $39.82B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 79.63, while the earnings-per-share (ttm) stands at $0.58. The company has a PEG of 5.67 and a Quick Ratio of 1.07 with the debt-to-equity ratio at 0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.80% over the week and 2.57% over the month.
Earnings per share for the fiscal year are expected to increase by 19.65%, and 15.15% over the next financial year. EPS should grow at an annualized rate of 14.04% over the next five years, compared to -11.42% over the past 5-year period.
Looking at the support for the GLW, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on January 30, 2025, with the firm’s price target at $51-$60. Mizuho coverage for the Corning, Inc (GLW) stock in a research note released on August 21, 2024 offered a Outperform rating with a price target of $47. Deutsche Bank was of a view on July 31, 2024 that the stock is Buy, while HSBC Securities gave the stock Hold rating on July 09, 2024, issuing a price target of $37. Fox Advisors on their part issued Overweight rating on June 17, 2024.
