Corning Incorporated (NYSE: GLW) is -20.44% lower on its value in year-to-date trading and has touched a low of $29.17 and a high of $43.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLW stock was last observed hovering at around $29.93 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $29.62, the stock is -8.04% and -13.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.57 million and changing -1.04% at the moment leaves the stock -17.51% off its SMA200. GLW registered -20.23% loss for a year compared to 6-month loss of -21.18%.
The stock witnessed a -14.19% gain in the last 1 month and extending the period to 3 months gives it a -6.00%, and is -3.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.51% over the week and 2.37% over the month.
Corning Incorporated (GLW) has around 61200 employees, a market worth around $25.38B and $14.59B in sales. Current P/E ratio is 12.73 and Fwd P/E is 12.02. Profit margin for the company is 13.70%. Distance from 52-week low is 1.53% and -31.86% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
Corning Incorporated (GLW) Analyst Forecasts
Corning Incorporated is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 138.40% this year
Corning Incorporated (GLW) Top Institutional Holders
The shares outstanding are 843.00M, and float is at 762.79M with Short Float at 1.41%.
Corning Incorporated (GLW) Insider Activity
A total of 110 insider transactions have happened at Corning Incorporated (GLW) in the last six months, with sales accounting for 49 and purchases happening 61 times. The most recent transaction is an insider sale by STEVERSON LEWIS A, the company’s EVP and CLAO. SEC filings show that STEVERSON LEWIS A sold 41,066 shares of the company’s common stock on Aug 15 at a price of $37.29 per share for a total of $1.53 million. Following the sale, the insider now owns 0.0 shares.
Corning Incorporated disclosed in a document filed with the SEC on Aug 01 that Bayne John P JR (SVP &GM, Mobile Consumer Elec.) sold a total of 5,575 shares of the company’s common stock. The trade occurred on Aug 01 and was made at $36.70 per share for $0.2 million. Following the transaction, the insider now directly holds 7345.0 shares of the GLW stock.
Still, SEC filings show that on Jun 02, Capps Cheryl C (SVP & Chief Supply Chain Off.) disposed off 8,723 shares at an average price of $35.67 for $0.31 million. The insider now directly holds 98,497 shares of Corning Incorporated (GLW).
Corning Incorporated (GLW): Who are the competitors?
The company’s main competitors (and peers) include Thermo Fisher Scientific Inc. (TMO) that is trading -10.87% down over the past 12 months and Danaher Corporation (DHR) that is -14.50% lower over the same period.