Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Corning, Inc’s current trading price is -18.83% away from its 52-week high, while its distance from the 52-week low is 46.19%. The stock’s price range during this period has varied between $30.72 and $55.33. The company, active in the Technology sector, saw a trading volume of around 6.77 million for the day, considerably higher average daily volume of 5.28 million observed over the last three months.
Corning, Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $55.33 on 01/29/25, while the lowest price during the same period was $30.72 on 04/18/24.
How Financial Performance Impacts Market Capitalization
Corning, Inc (GLW) has experienced a quarterly decline of -9.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 38.47B and boasts a workforce of 56300 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 48.79, with a change in price of -1.92. Similarly, Corning, Inc recorded 4,986,383 in trading volume during the last 100 days, posting a change of -4.10%.
How GLW’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GLW stands at 0.76. Similarly, the long-term debt-to-equity ratio is also 0.72.
GLW Stock Stochastic Average
As of today, the raw stochastic average of Corning, Inc over the last 50 days is at 7.21%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 8.92%. Further, the company’s Stochastic %K and %D values for the last 20 days were 12.45% and 11.40%, respectively.
GLW Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -5.49%. However, over the past six months, we’ve seen a weaker performance of 10.51%. The price of GLW leaped by -15.22% over the last 30 days. And in the last five days, it has fallen by -3.40%.
