Corning, Inc (NYSE:GLW) shares, rose in value on Wednesday, March 26, with the stock price down by -3.86% to the previous day’s close as strong demand from buyers drove the stock to $47.10.
Actively observing the price movement in the last trading, the stock closed the session at $48.99, falling within a range of $46.9401 and $49.25. The value of beta (5-year monthly) was 1.019 whereas the PE ratio was 80.68 over 12-month period. Referring to stock’s 52-week performance, its high was $55.33, and the low was $30.72. On the whole, GLW has fluctuated by -5.17% over the past month.
With the market capitalization of Corning, Inc currently standing at about $40.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-28. The company’s Forward Dividend Ratio is 1.12, with its dividend yield at 2.38%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.54B, with a low estimate of 3.6B and a high estimate of 3.64B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.63B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GLW’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 5.61, with the price of GLW currently trading nearly -0.43% and -5.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.20, while the 7-day volatility ratio is showing 2.82% which for the 30-day chart, stands at 3.18%. Furthermore, Corning, Inc (GLW)’s beta value is 1.00, and its average true range (ATR) is 1.55.
A comparison of Corning, Inc (GLW) with its peers suggests the former has fared considerably weaker in the market. GLW showed an intraday change of -3.86% in last session, and over the past year, it grew by 44.61%%.
Data on historical trading for Corning, Inc (NYSE:GLW) indicates that the trading volumes over the past 10 days have averaged 7.42 and over the past 3 months, they’ve averaged 5.77 million. According to company’s latest data on outstanding shares, there are 813.00 million shares outstanding.
Nearly 9.00% of Corning, Inc’s shares belong to company insiders and institutional investors own 72.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.83 million shares as on 2025-03-14, resulting in a short ratio of 2.42. According to the data, the short interest in Corning, Inc (GLW) stood at 183.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 11.28 million. The stock has fallen by -0.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GLW stock heading into the next quarter.
