The price of Corning, Inc (NYSE:GLW) shares last traded on Wall Street rose 1.18% to $47.06.
GLW stock price is now -1.31% away from the 50-day moving average and 15.99% away from the 200-day moving average. The market capitalization of the company currently stands at $40.29B.
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, Bayne John P JR, Retired Senior Vice President sold 8,876 shares of the company’s stock on Nov 25 ’24. The stock was sold for $435,725 at an average price of $49.09. Upon completion of the transaction, the Retired Senior Vice President 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 25 ’24, Officer John Bayne Jr. bought 8,876 shares of the business’s stock. A total of $435,634 was incurred on buying the stock at an average price of $49.08. A total of 8.99% of the company’s stock is owned by insiders.
During the past 12 months, Corning, Inc has had a low of $29.71 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 $47385182208, which is based on a 263.20 price-to-earnings ratio, a 16.40 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for GLW is $47.6826 and a two-hundred day moving average price translates $40.5713 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.
