The stock of Corning, Inc (NYSE:GLW) last traded at $49.59, down -0.74% from the previous session.
GLW stock price is now 9.44% away from the 50-day moving average and 6.45% away from the 200-day moving average. The market capitalization of the company currently stands at $42.47B.
With the price target enhanced from $51 to $60, HSBC Securities Upgraded its rating from Hold to Buy for Corning, Inc (NYSE: GLW). On August 21, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $44 to quote $47, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Soumya Seetharam, Officer bought 6,505 shares of the company’s stock on May 29 ’25. The stock was bought for $325,260 at an average price of $50.00. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’25, SVP, Finance & Corp Controller Becker Stefan sold 17,106 shares of the business’s stock. A total of $849,838 was realized by selling the stock at an average price of $49.68. This leaves the insider owning 16,117 shares of the company worth $0.8 million. A total of 8.61% of the company’s stock is owned by insiders.
During the past 12 months, Corning, Inc has had a low of $36.21 and a high of $55.33. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.69, and a quick ratio of 1.05.
The net profit margin was 3.34% and return on equity was 4.14% for GLW. The company reported revenue of $3.45 billion for the quarter, compared to $2.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.03 percent.
