Corning, Inc (NYSE: GLW) started the day on Thursday, with a price increase of 1.03% at $47.84, before settling in for the price of $47.35 at the close. Taking a more long-term approach, GLW posted a 52-week range of $27.57-$51.03.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 2.83%. Meanwhile, its Annual Earning per share during the time was -9.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 14.74%. This publicly-traded company’s shares outstanding now amounts to $820.00 million, simultaneously with a float of $776.05 million. The organization now has a market capitalization sitting at $40.96 billion. At the time of writing, stock’s 50-day Moving Average stood at $46.20, while the 200-day Moving Average is $39.04.
Corning, Inc (GLW) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Electronic Components Industry. Corning, Inc’s current insider ownership accounts for 9.36%, in contrast to 72.37% institutional ownership. According to the most recent insider trade that took place on Nov 21 ’24, this organization’s Retired Executive VP sold 50,000 shares at the rate of 47.96, making the entire transaction reach 2,398,000 in total value, affecting insider ownership by 5,398.
Corning, Inc (GLW) Earnings and Revenue Records
Corning, Inc’s EPS increase for this current 12-month fiscal period is 14.74% and is forecasted to reach 2.31 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 16.05% through the next 5 years, which can be compared against the -9.80% growth it accomplished over the previous five years trading on the market.
Corning, Inc (NYSE: GLW) Trading Performance Indicators
Let’s observe the current performance indicators for Corning, Inc (GLW). It’s Quick Ratio in the last reported quarter now stands at 1.05. The Stock has managed to achieve an average true range (ATR) of 1.02. Alongside those numbers, its PE Ratio stands at $267.56, and its Beta score is 1.03. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.25. Similarly, its price to free cash flow for trailing twelve months is now 39.42.
In the same vein, GLW’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.18, a figure that is expected to reach 0.56 in the next quarter, and analysts are predicting that it will be 2.31 at the market close of one year from today.
Technical Analysis of Corning, Inc (GLW)
If we take a close look at the recent performances of Corning, Inc (NYSE: GLW), its last 5-days Average volume was 4.2 million that shows plunge from its year to date volume of 5.66 million. During the previous 9 days, stock’s Stochastic %D was recorded 46.59% While, its Average True Range was 0.99.
Raw Stochastic average of Corning, Inc (GLW) in the period of the previous 100 days is set at 76.97%, which indicates a major rise in contrast to 56.30% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 21.73% that was lower than 31.65% volatility it exhibited in the past 100-days period.
