Stocks of Corning, Inc (NYSE:GLW) traded higher last session on Wall Street, up 0.13% to $47.35.
GLW stock price is now 2.75% away from the 50-day moving average and 21.53% away from the 200-day moving average. The market capitalization of the company currently stands at $40.54B.
With the price target enhanced from $44 to $47, Mizuho Upgraded its rating from Neutral to Outperform for Corning, Inc (NYSE: GLW). On July 31, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $46, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, Zhang John Z, SVP&GM Glass Innov. & Asia sold 5,175 shares of the company’s stock on Nov 13 ’24. The stock was sold for $250,264 at an average price of $48.36. Upon completion of the transaction, the SVP&GM Glass Innov. & Asia now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Retired Executive VP Curran Martin J sold 10,200 shares of the business’s stock. A total of $492,983 was realized by selling the stock at an average price of $48.33. This leaves the insider owning 55,398 shares of the company worth $2.62 million. A total of 9.36% of the company’s stock is owned by insiders.
During the past 12 months, Corning, Inc has had a low of $27.57 and a high of $51.03. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.66, and a quick ratio of 1.05. According to the stock market information, the enterprise value for the company is $47633485824, which is based on a 264.82 price-to-earnings ratio, a 16.50 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for GLW is $46.0828 and a two-hundred day moving average price translates $38.96065 for the stock.
The latest earnings results from Corning, Inc (NYSE: GLW) was released for 2024-09-30. The net profit margin was 1.24% and return on equity was 1.38% for GLW. The company reported revenue of $3.39 billion for the quarter, compared to $3.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.87 percent.
