Corning, Inc. [GLW] stock is trading at $45.62, up 1.27%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GLW shares have gain 18.68% over the last week, with a monthly amount glided 22.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Corning, Inc. [NYSE: GLW] stock has seen the most recent analyst activity on July 09, 2024, when HSBC Securities upgraded its rating to a Hold but kept the price target unchanged to $37 for it. Previously, Fox Advisors upgraded its rating to Overweight on June 17, 2024, and kept the price target unchanged to $45. On June 13, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $38 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $43 on May 30, 2024. Mizuho initiated its recommendation with a Neutral and recommended $36 as its price target on May 07, 2024. UBS reiterated a Neutral rating for this stock on April 08, 2024, and upped its price target to $35. In a note dated February 01, 2024, HSBC Securities downgraded an Reduce rating on this stock but restated the target price of $29.
Corning, Inc. [GLW] stock has fluctuated between $25.26 and $45.87 over the past year. Currently, Wall Street analysts expect the stock to reach $44.78 within the next 12 months. Corning, Inc. [NYSE: GLW] shares were valued at $45.62 at the most recent close of the market. An investor can expect a potential drop of -1.84% based on the average GLW price forecast.
Analyzing the GLW fundamentals
Corning, Inc. [NYSE:GLW] reported sales of 12.38B for the trailing twelve months, which represents a drop of -6.39%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.18 points at the first support level, and at 44.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.09, and for the 2nd resistance point, it is at 46.57.
Ratios To Look Out For
For context, Corning, Inc.’s Current Ratio is 1.67. In addition, the Quick Ratio stands at 1.02 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 3.16, the price to book ratio is 3.33 and price to earnings (TTM) ratio is 63.94.
Transactions by insiders
Recent insider trading involved Evenson Jeffrey W, Exec. VP & Chief Strategy Off, that happened on Jun 05 ’24 when 12830.0 shares were sold. Senior VP & GM, Optical Comm., Bell Michael Alan completed a deal on May 14 ’24 to sell 20152.0 shares. Meanwhile, Senior Vice President & CDIO Seetharam Soumya sold 23291.0 shares on May 09 ’24.
