Corning, Inc (NYSE: GLW) on Friday, plunged -0.65% from the previous trading day, before settling in for the closing price of $55.72. Within the past 52 weeks, GLW’s price has moved between $37.18 and $56.25.
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Annual sales at Technology sector company slipped by -11.42% over the past five years. The company achieved an average annual earnings per share of 20.36%. With a float of $782.80 million, this company’s outstanding shares have now reached $810.00 million.
Let’s look at the performance matrix of the company that is accounted for 56300 employees. In terms of profitability, gross margin is 32.97%, operating margin of 10.98%, and the pretax margin is 5.57%.
Corning, Inc (GLW) Insider Updates
Observing investor behavior towards Electronic Components industry stocks is more important than anything else. The insider ownership of Corning, Inc is 8.60%, while institutional ownership is 73.67%. The most recent insider transaction that took place on Jun 11 ’25, was worth 1,010,406. In this transaction SVP Emerging Innovations Group of this company sold 20,000 shares at a rate of $50.52, taking the stock ownership to the 54,288 shares. Before that another transaction happened on Jun 11 ’25, when Company’s Officer proposed sale 20,000 for $50.52, making the entire transaction worth $1,010,380.
Corning, Inc (GLW) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 20.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.06% during the next five years compared to -11.42% drop over the previous five years of trading.
Corning, Inc (NYSE: GLW) Trading Performance Indicators
Corning, Inc (GLW) is currently performing well based on its current performance indicators. A quick ratio of 1.05 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.49. Likewise, its price to free cash flow for the trailing twelve months is 44.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.52, a number that is poised to hit 0.57 in the next quarter and is forecasted to reach 2.72 in one year’s time.
Technical Analysis of Corning, Inc (GLW)
Corning, Inc (NYSE: GLW) saw its 5-day average volume 4.98 million, a negative change from its year-to-date volume of 5.57 million. As of the previous 9 days, the stock’s Stochastic %D was 86.07%.
During the past 100 days, Corning, Inc’s (GLW) raw stochastic average was set at 95.30%, which indicates a significant increase from 81.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.03 in the past 14 days, which was lower than the 1.20 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.26, while its 200-day Moving Average is $48.40. Nevertheless, the first resistance level for the watch stands at $55.94 in the near term. At $56.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.05. If the price goes on to break the first support level at $54.83, it is likely to go to the next support level at $54.31. Assuming the price breaks the second support level, the third support level stands at $53.72.
Corning, Inc (NYSE: GLW) Key Stats
Market capitalization of the company is 47.41 billion based on 856,471K outstanding shares. Right now, sales total 13,118 M and income totals 506,000 K. The company made 3,452 M in profit during its latest quarter, and 157,000 K in sales during its previous quarter.
