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Corning, Inc (NYSE: GLW) closed the day trading at $45.51 down -3.25% from the previous closing price of $47.04. In other words, the price has decreased by -$3.25 from its previous closing price. On the day, 5.39 million shares were traded.
Ratios:
For a better understanding of GLW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on January 30, 2025, Upgraded its rating to Buy and sets its target price to $60 from $51 previously.
On August 21, 2024, Mizuho Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $44 to $47.
Deutsche Bank Upgraded its Hold to Buy on July 31, 2024, while the target price for the stock was maintained at $46.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’25 when WEEKS WENDELL P sold 55,831 shares for $50.11 per share. The transaction valued at 2,797,853 led to the insider holds 762,820 shares of the business.
WEEKS WENDELL P sold 44,169 shares of GLW for $2,210,111 on Feb 27 ’25. The Chairman and CEO now owns 818,651 shares after completing the transaction at $50.04 per share. On Feb 27 ’25, another insider, Wendell P. Weeks, who serves as the Chairman and CEO of the company, bought 100,000 shares for $50.15 each.
Valuation Measures:
As of this moment, Corning,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 77.95, and their Forward P/E ratio for the next fiscal year is 16.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 3.46.
Stock Price History:
Over the past 52 weeks, GLW has reached a high of $55.33, while it has fallen to a 52-week low of $30.72. The 50-Day Moving Average of the stock is -8.91%, while the 200-Day Moving Average is calculated to be 1.37%.
Shares Statistics:
A total of 813.00M shares are outstanding, with a floating share count of 779.37M. Insiders hold about 9.01% of the company’s shares, while institutions hold 72.76% stake in the company.