A new trading day began on Friday, with Corning, Inc (NYSE: GLW) stock price down -0.95% from the previous day of trading, before settling in for the closing price of $48.61. GLW’s price has ranged from $29.14 to $51.03 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 2.83% over the last five years. Meanwhile, its annual earnings per share averaged 14.74%. With a float of $779.20 million, this company’s outstanding shares have now reached $814.00 million.
The firm has a total of 49800 workers. Let’s measure their productivity. In terms of profitability, gross margin is 31.28%, operating margin of 7.83%, and the pretax margin is 2.68%.
Corning, Inc (GLW) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Corning, Inc is 9.00%, while institutional ownership is 72.39%. The most recent insider transaction that took place on Nov 25 ’24, was worth 435,725. In this transaction Retired Senior Vice President of this company sold 8,876 shares at a rate of $49.09, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Officer proposed sale 8,876 for $49.08, making the entire transaction worth $435,634.
Corning, Inc (GLW) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 14.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.05% during the next five years compared to -9.80% drop over the previous five years of trading.
Corning, Inc (NYSE: GLW) Trading Performance Indicators
Here are Corning, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.24. Likewise, its price to free cash flow for the trailing twelve months is 39.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.18, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.31 in one year’s time.
Technical Analysis of Corning, Inc (GLW)
Analysing the last 5-days average volume posted by the [Corning, Inc, GLW], we can find that recorded value of 4.39 million was lower than the volume posted last year of 5.55 million. As of the previous 9 days, the stock’s Stochastic %D was 24.16%. Additionally, its Average True Range was 0.96.
During the past 100 days, Corning, Inc’s (GLW) raw stochastic average was set at 79.21%, which indicates a significant increase from 26.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.37% in the past 14 days, which was lower than the 25.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.50, while its 200-day Moving Average is $40.28. Now, the first resistance to watch is $48.86. This is followed by the second major resistance level at $49.57. The third major resistance level sits at $50.08. If the price goes on to break the first support level at $47.65, it is likely to go to the next support level at $47.14. Should the price break the second support level, the third support level stands at $46.43.
Corning, Inc (NYSE: GLW) Key Stats
With a market capitalization of 40.84 billion, the company has a total of 856,209K Shares Outstanding. Currently, annual sales are 12,588 M while annual income is 581,000 K. The company’s previous quarter sales were 3,391 M while its latest quarter income was -117,000 K.
