The share price of Corning Incorporated [NYSE: GLW] inclined by $29.06, presently trading at $29.07. The company’s shares saw 8.69% gains compared to the lowest price in the period of the last 52 weeks, set at $26.75 recorded on 10/11/19. The last few days have been benevolent to the share price as GLW jumped by +4.10% during the last week, even though the stock is still down by -0.94% compared to 1.15 of all time high it touched on 10/11/19. However, the stock had a poor performance during the past 3 months, roughly losing -3.93%, while additionally dropping -10.09% during the last 12 months. Corning Incorporated is said to have a 12-month price target set at $31.72. That means that the stock has a strong potential to acquire 2.65% increase from the current trading price.
Corning Incorporated [NYSE:GLW]: Analyst Rating and Earnings
Its stock price has been found in the range of 26.75 to 35.34. This is compared to its latest closing price of $29.06.
Stay on the lookout for the next quarterly financial report – the company is expected to release the following results on Tue 29 Oct (In 15 Days).
Fundamental Analysis of Corning Incorporated [GLW]
Now let’s turn to look at profitability: with a current Operating Margin for Corning Incorporated [GLW] sitting at +13.84 and its Gross Margin at +36.92, this company’s Net Margin is now 12.00%. These measurements indicate that Corning Incorporated [GLW] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 7.66, and its Return on Invested Capital has reached 6.50%. Its Return on Equity is 7.23, and its Return on Assets is 3.88. These metrics show a mixed bag, which means that this investment’s attractiveness can be quickly increased or decreased in the short term, depending on future updates GLW financial performance.
Turning to investigate this organization’s capital structure, Corning Incorporated [GLW] has generated a Total Debt to Total Equity ratio of 43.49. Similarly, its
What about valuation? This company’s Enterprise Value to EBITDA is 8.90 and its Total Debt to EBITDA Value is 2.10. The Enterprise Value to Sales for this firm is now 2.16, and its Total Debt to Enterprise Value stands at 0.17. Corning Incorporated [GLW] has a Price to Book Ratio of 2.07, a Price to Cash Flow Ratio of 9.74 and P/E Ratio of 17.87. These metrics all suggest that Corning Incorporated is more likely to generate a positive ROI.
Shifting the focus to workforce efficiency, Corning Incorporated [GLW] earns $219,223 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 6.03 and its Total Asset Turnover is 0.41. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.51 and its Current Ratio is 2.12. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Corning Incorporated [GLW] has 781.00M shares outstanding, amounting to a total market cap of $22.70B. Its stock price has been found in the range of 26.75 to 35.34. At its current price, it has moved down by -17.74% from its 52-week high, and it has moved up 8.69% from its 52-week low.
This stock’s Beta value is currently 1.15, which indicates that it is 2.19% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 59.32. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Corning Incorporated [GLW] a Reliable Buy?
Shares of Corning Incorporated [GLW], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.