Corning, Inc (GLW) concluded trading on Wednesday at a closing price of $49.45, with 4.82 million shares of worth about $238.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.37% during that period and on Wednesday the price saw a loss of about -0.94%. Currently the company’s common shares owned by public are about 810.00M shares, out of which, 782.69M shares are available for trading.
Stock saw a price change of 3.06% in past 5 days and over the past one month there was a price change of 12.13%. Year-to-date (YTD), GLW shares are showing a performance of 4.06% which increased to 36.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.40 but also hit the highest price of $55.33 during that period. The average intraday trading volume for Corning, Inc shares is 6.41 million. The stock is currently trading 5.43% above its 20-day simple moving average (SMA20), while that difference is up 9.30% for SMA50 and it goes to 6.40% higher than SMA200.
Corning, Inc (NYSE: GLW) currently have 810.00M outstanding shares and institutions hold larger chunk of about 73.76% of that.
The stock has a current market capitalization of $42.35B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 94.62, while it has posted earnings per share of $0.52 in the same period. Its PEG reads 6.48 and has Quick Ratio of 1.05 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 1.83% while standing at 1.42% over the month.
Stock’s fiscal year EPS is expected to rise by 20.09% while it is estimated to increase by 15.01% in next year. EPS is likely to grow at an annualized rate of 14.60% 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.
