Corning, Inc [GLW] stock prices are up 0.87% to $47.27 at the moment. 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 5.25% over the last week, with a monthly amount drifted -10.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Corning, Inc [NYSE: GLW] stock has seen the most recent analyst activity on January 30, 2025, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $60 from $51. Previously, Mizuho upgraded its rating to Outperform on August 21, 2024, and elevated its price target to $47. On July 31, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $46 on the stock. HSBC Securities upgraded its rating to a Hold but stick to its price target of $37 on July 09, 2024. Fox Advisors upgraded its rating to a Overweight but $45 remained the price target by the analyst firm on June 17, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on June 13, 2024, and upped its price target to $38. In a note dated May 30, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $37 to $43.
The stock price of Corning, Inc [GLW] has been fluctuating between $30.72 and $55.33 over the past year. Currently, Wall Street analysts expect the stock to reach $55.29 within the next 12 months. Corning, Inc [NYSE: GLW] shares were valued at $47.27 at the most recent close of the market. An investor can expect a potential return of 16.97% based on the average GLW price forecast.
Analyzing the GLW fundamentals
The Corning, Inc [NYSE:GLW] reported sales of 13.12B for trailing twelve months, representing a surge of 16.93%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.76.
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 46.41 points at the first support level, and at 45.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.21, and for the 2nd resistance point, it is at 49.15.
Ratios To Look Out For
It’s worth pointing out that Corning, Inc [NYSE:GLW]’s Current Ratio is 1.62. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 3.09, the price to book ratio is 3.60 and price to earnings (TTM) ratio is 80.97.
Transactions by insiders
Recent insider trading involved WEEKS WENDELL P, Chairman and CEO, that happened on Feb 28 ’25 when 55831.0 shares were sold. Chairman and CEO, WEEKS WENDELL P completed a deal on Feb 27 ’25 to sell 44169.0 shares. Meanwhile, Chairman and CEO Wendell P. Weeks bought 100000.0 shares on Feb 27 ’25.
