Corning, Inc. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $47.45 on 10/22/24, while the lowest price for the same duration was marked at $25.26 on 10/24/23.
52-week price history of GLW Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Corning, Inc.’s current trading price is -0.30% away from its 52-week high, while its distance from the 52-week low is 87.29%. The stock’s price range during the 52-week period has remained between $25.26 and $47.45. In the Technology sector, the company’s shares saw a trading volume of around 4.23 million for the day, which was evidently lower than the average daily volume of 5.23 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 rise of 7.65% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 40.48B 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 41.91, with a change in price of +10.35. Similarly, Corning, Inc. recorded 6,596,491 in trading volume during the last 100 days, posting a change of +28.00%.
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
Corning, Inc.’s raw stochastic average for the past 50 days is presently 98.29%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 95.92%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 86.88% and 78.80%, respectively.
GLW Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 55.37%.However, over the last six months, we can see a weaker performance of 50.05%. Over the last 30 days, the price of GLW has fallen by 5.96%. And in the last five days, it has surged by 3.39%.
