Corning, Inc (GLW) concluded trading on Wednesday at a closing price of $42.97, with 6.35 million shares of worth about $272.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.91% during that period and on April 23, 2025 the price saw a gain of about 2.92%. Currently the company’s common shares owned by public are about 813.00M shares, out of which, 782.35M shares are available for trading.
Stock saw a price change of 2.85% in past 5 days and over the past one month there was a price change of -13.87%. Year-to-date (YTD), GLW shares are showing a performance of -9.57% which increased to 37.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.19 but also hit the highest price of $55.33 during that period. The average intraday trading volume for Corning, Inc shares is 6.64 million. The stock is currently trading 0.47% above its 20-day simple moving average (SMA20), while that difference is down -7.50% for SMA50 and it goes to -6.62% lower than SMA200.
Corning, Inc (NYSE: GLW) currently have 813.00M outstanding shares and institutions hold larger chunk of about 73.22% of that.
The stock has a current market capitalization of $36.82B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 73.60, while it has posted earnings per share of $0.58 in the same period. Its PEG reads 4.97 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.76. 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 2.62% while standing at 4.62% over the month.
Stock’s fiscal year EPS is expected to rise by 19.16% while it is estimated to increase by 16.24% in next year. EPS is likely to grow at an annualized rate of 14.82% for next 5-years, compared to annual growth of -11.42% 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.
