Corning, Inc (NYSE: GLW) has a higher price-to-earnings ratio of 86.99x compared to its average ratio. GLW has 36-month beta value of 1.02. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for GLW is 779.35M, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of GLW on February 24, 2025 was 4.85M shares.
GLW) stock’s latest price update
The stock of Corning, Inc (NYSE: GLW) has decreased by -1.37 when compared to last closing price of 51.49.Despite this, the company has seen a loss of -3.34% in its stock price over the last five trading days. businesswire.com reported 2025-02-20 that BOCA RATON, Fla.–(BUSINESS WIRE)– #5G–Airspan Networks Holdings LLC (“Airspan”), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning’s wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access n.
GLW’s Market Performance
Corning, Inc (GLW) has seen a -3.34% fall in stock performance for the week, with a -5.92% decline in the past month and a 7.39% surge in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 2.98% for GLW. The simple moving average for the past 20 days is -2.12% for GLW’s stock, with a 14.53% simple moving average for the past 200 days.
Analysts’ Opinion of GLW
Many brokerage firms have already submitted their reports for GLW stocks, with HSBC Securities repeating the rating for GLW by listing it as a “Buy.” The predicted price for GLW in the upcoming period, according to HSBC Securities is $60 based on the research report published on January 30, 2025 of the current year 2025.
Mizuho, on the other hand, stated in their research note that they expect to see GLW reach a price target of $47, previously predicting the price at $44. The rating they have provided for GLW stocks is “Outperform” according to the report published on August 21st, 2024.
Deutsche Bank gave a rating of “Buy” to GLW, setting the target price at $46 in the report published on July 31st of the previous year.
GLW Trading at 1.80% from the 50-Day Moving Average
After a stumble in the market that brought GLW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.21% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -5.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.65% upper at present.
During the last 5 trading sessions, GLW fell by -2.46%, which changed the moving average for the period of 200-days by +53.26% in comparison to the 20-day moving average, which settled at $51.91. In addition, Corning, Inc saw 6.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLW starting from Schlesinger Edward A, who sale 4,137 shares at the price of $52.82 back on Feb 19 ’25. After this action, Schlesinger Edward A now owns 76,674 shares of Corning, Inc, valued at $218,518 using the latest closing price.
Zhang John Z, the SVP&GM Glass Innov. & Asia of Corning, Inc, sale 14,111 shares at $52.78 during a trade that took place back on Feb 18 ’25, which means that Zhang John Z is holding 0 shares at $744,757 based on the most recent closing price.
Stock Fundamentals for GLW
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.32 for the gross margin
The net margin for Corning, Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 4.55, with 1.80 for asset returns.
Based on Corning, Inc (GLW), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 3.96.
Currently, EBITDA for the company is 2.49 billion with net debt to EBITDA at 2.76. When we switch over and look at the enterprise to sales, we see a ratio of 3.79. The receivables turnover for the company is 6.39for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To put it simply, Corning, Inc (GLW) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
