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 -13.28% away from its 52-week high, while its distance from the 52-week low is 35.92%. The stock’s price range during this period has varied between $35.30 and $55.33. The company, active in the Technology sector, saw a trading volume of around 5.58 million for the day, considerably lower average daily volume of 6.27 million observed over the last three months.
Corning, Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $55.33 on 01/29/25, and the lowest price during that time was $35.30, recorded on 05/21/24.
How Financial Performance Impacts Market Capitalization
Corning, Inc (GLW) has experienced a quarterly decline of -8.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 41.09B 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 47.41, with a change in price of +0.48. Similarly, Corning, Inc recorded 5,840,360 in trading volume during the last 100 days, posting a change of +1.01%.
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 0.73.
GLW Stock Stochastic Average
As of today, the raw stochastic average of Corning, Inc over the last 50 days is at 83.69%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 95.53%. Further, the company’s Stochastic %K and %D values for the last 20 days were 97.73% and 95.83%, 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. Until today this year the stock’s price performance recorded an increase of 0.97%. However, over the last six months, the performance has been weaker by 1.98%. The price of GLW increased 17.89% over the last 30 days. And in the last five days, it has surged by 0.76%.
