Corning, Inc. (NYSE: GLW) is 44.70% higher on its value in year-to-date trading and has touched a low of $25.26 and a high of $46.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GLW stock was last observed hovering at around $44.31 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $44.06, the stock is 4.34% and 13.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing -0.56% at the moment leaves the stock 34.88% off its SMA200. GLW registered 32.63% gain for a year compared to 6-month gain of 43.89%.
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The stock witnessed a 10.01% loss in the last 1 month and extending the period to 3 months gives it a 39.65%, and is -4.63% 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 1.74% over the week and 2.15% over the month.
Corning, Inc. (GLW) has around 49800 employees, a market worth around $37.74B and $12.38B in sales. Current P/E ratio is 61.75 and Fwd P/E is 19.28. Profit margin for the company is 4.96%. Distance from 52-week low is 74.43% and -5.02% from its 52-week high. The company has generated returns on investments over the last 12 months (3.22%).
with sales reaching $3.54B over the same period.The EPS is expected to grow by 13.87% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to grow 1.80% in year-over-year returns.
Corning, Inc. (GLW) Top Institutional Holders
The shares outstanding are 820.00M, and float is at 773.78M with Short Float at 2.47%.
Corning, Inc. (GLW) Insider Activity
The most recent transaction is an insider sale by Evenson Jeffrey W,the company’sExec. VP & Chief Strategy Off. SEC filings show that Evenson Jeffrey W sold 12,830 shares of the company’s common stock on Jun 05 ’24 at a price of $37.39 per share for a total of $0.48 million. Following the sale, the insider now owns 57280.0 shares.
Corning, Inc. disclosed in a document filed with the SEC on May 14 ’24 that Bell Michael Alan (Senior VP & GM, Optical Comm.) sold a total of 20,152 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $35.00 per share for $0.71 million. Following the transaction, the insider now directly holds 0.0 shares of the GLW stock.
Still, SEC filings show that on May 09 ’24, Seetharam Soumya (Senior Vice President & CDIO) disposed off 23,291 shares at an average price of $34.01 for $0.79 million. The insider now directly holds 50,000 shares of Corning, Inc. (GLW).
