Corning, Inc (NYSE:GLW) currently has a daily average trading volume of 6.35M but it saw 5306668 shares traded in last market. With a market cap of 42.79B USD, the company’s current market price of $49.96 came rising about 1.03 while comparing to the previous closing price of $49.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.33 and as low as $35.40.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the HSBC Securities which upgraded the stock as “Buy” in its note to investors issued on January 30, 2025, recommending a price target of between $51 and $60 for it. Mizuho upgraded its recommendation for the stock as a “Outperform” from “Neutral” on August 21, 2024 while assigning a price target range of $44-$47. Deutsche Bank also issued its recommendations for the stock as it upgraded the price target for the stock is $46.
Over the week, GLW’s stock price is moving 3.69% up while it is 12.37% when we observe its performance for the past one month. Year-to-date it is 5.13% up and over the past year, the stock is showing an upside performance of 37.71%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.57 while estimate for next year EPS is 2.37. In next quarter, company is expected to be making quarterly sales of $3.96B as analysts are expecting the sales for current fiscal year at $15.46B and seeing the company making $16.69B in sales next year. Moreover, analysts are in estimates of $3.82B for current-quarter revenue.
Currently, Corning, Inc’s total number of outstanding shares is 810.00M with 8.61% of that held by the insiders while 73.84% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.45% and return on equity (ROE) at 4.14%. It has a price to earnings ratio (P/E ratio) of 95.60 while having a 18.46 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 3.78 while price to sale or P/S ratio amounts to 3.15. Its return on asset (ROA) is 1.65% on average.
