Corning, Inc. experienced a rather steady stock market performance. The highest value in the past year was recorded at $47.45 on 10/09/24 and the lowest value was $25.26 on 10/24/23.
52-week price history of GLW Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Corning, Inc.’s current trading price is -3.56% away from its 52-week high, while its distance from the 52-week low is 81.16%. The stock’s price range during this period has spanned from $25.26 to $47.45. In the Technology sector, the Corning, Inc.’s shares surpassed a trading volume of approximately 4.04 million for the day, which was noticeably lower compared to the average daily volume of 9.5.58 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Corning, Inc. (GLW) has experienced a quarterly decline of -0.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 39.16B and boasts a workforce of 49800 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.38, with a change in price of +9.18. Similarly, Corning, Inc. recorded 6,673,758 in trading volume during the last 100 days, posting a change of +25.10%.
Examining GLW’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GLW stands at 0.77. Similarly, the long-term debt-to-equity ratio is also 0.73.
GLW Stock Stochastic Average
Today’s raw stochastic average for Corning, Inc. over the last 50 days is 82.57%.This indicates a increase from the raw stochastic average of the past 20 days, which was 60.51%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 75.82% and 78.98%, respectively.
GLW Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 50.28% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 47.99%. Over the past 30 days, the price of GLW has fallen by 6.64%. And in the last five days, it has surged by 2.62%.
