Stocks of Corning, Inc (NYSE:GLW) traded higher last session on Wall Street, down -2.40% to $49.60.
GLW stock price is now 7.93% away from the 50-day moving average and 5.38% away from the 200-day moving average. The market capitalization of the company currently stands at $42.48B.
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, Verkleeren Ronald L, SVP Emerging Innovations Group sold 20,000 shares of the company’s stock on Jun 11 ’25. The stock was sold for $1,010,406 at an average price of $50.52. Upon completion of the transaction, the SVP Emerging Innovations Group now directly owns 54,288 shares in the company, valued at $2.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’25, Officer Ronald Verkleeren bought 20,000 shares of the business’s stock. A total of $1,010,380 was incurred on buying the stock at an average price of $50.52. 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 $37.05 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. According to the stock market information, the enterprise value for the company is $49686982656, which is based on a 94.91 price-to-earnings ratio, a 6.34 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for GLW is $45.9544 and a two-hundred day moving average price translates $47.0679 for the stock.
The latest earnings results from Corning, Inc (NYSE: GLW) was released for 2025-03-31. 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.
