Corning, Inc [GLW] stock is trading at $52.97, up 0.86%. 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 0.76% over the last week, with a monthly amount glided 6.79%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, HSBC Securities upgraded its rating to Buy on January 30, 2025, and elevated its price target to $60. On August 21, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $47 on the stock. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $46 on July 31, 2024. HSBC Securities upgraded its rating to a Hold but $37 remained the price target by the analyst firm on July 09, 2024. Fox Advisors upgraded its rating to Overweight for this stock on June 17, 2024, but kept the price target unchanged to $45. In a note dated June 13, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and boosted its target price from $35 to $38.
Corning, Inc [GLW] stock has fluctuated between $37.18 and $55.33 over the past year. Currently, Wall Street analysts expect the stock to reach $59.5 within the next 12 months. Corning, Inc [NYSE: GLW] shares were valued at $52.97 at the most recent close of the market. An investor can expect a potential return of 12.33% based on the average GLW price forecast.
Analyzing the GLW fundamentals
Corning, Inc [NYSE:GLW] reported sales of 13.60B for the trailing twelve months, which represents a growth of 16.03%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 52.44 points at the first support level, and at 51.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.26, and for the 2nd resistance point, it is at 53.55.
Ratios To Look Out For
For context, Corning, Inc’s Current Ratio is 1.69. In addition, the Quick Ratio stands at 1.05 and the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 4.00 and price to earnings (TTM) ratio is 101.36.
Transactions by insiders
Recent insider trading involved Verkleeren Ronald L, SVP Emerging Innovations Group, that happened on Jun 11 ’25 when 20000.0 shares were sold. Officer, Ronald Verkleeren completed a deal on Jun 11 ’25 to buy 20000.0 shares. Meanwhile, President and COO Musser Eric S sold 20000.0 shares on Jun 06 ’25.
