How to Buy Corning Stock
Corning Inc
Corning is a electronic component company located in New York, United States, which is part of the Technology sector, and is traded under the ticker GLW on the NYSE exchange.
Corning stock last closed at $46.46, up 0.96% from the previous day, and has increased 59.66% in one year. It has overperformed other stocks in the Electronic Components industry by 0.5 percentage points. Corning stock is currently +83.93% from its 52-week low of $25.26, and -2.09% from its 52-week high of $47.45.
There are currently 855.7M shares of GLW outstanding. The market capitalization of GLW is $39.76B. In the past 24 hours, 3.27M GLW shares were traded.
How to Buy Corning Stock
Wondering how to invest in Corning stock? Here's how.
- Choose where to buy Corning stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Corning stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your info.
- Evaluate Corning stock: The Corning ticker symbol is GLW. Is Corning stock a good investment? Should you buy shares of GLW? How do GLW's underlying business fundamentals look? Do top analysts think Corning is a good buy? Why has GLW's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if GLW is a good stock to buy).
- Place your GLW trade: Decide if you will purchase GLW shares at the current market price or use a limit order to purchase GLW shares at a given price.
- Get key alerts regarding your GLW investment: Create a watchlist to track your new investment in Corning shares.
Step 1: Choose where to buy Corning stock
You need an online brokerage account in order to access the NYSE market and buy GLW stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Technology to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to buy GLW today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've filled out your info on the best app for stock investing, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing funds into your investment account.
Step 4: Evaluate Corning stock
Once you have figured out the best place to buy Corning stock, it's crucial to research their stock prior to investing, so you can comprehend the risk and upside.
Corning shares data
GLW Zen Score
WallStreetZen was created to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on GLW's stock page.
Is GLW stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge GLW's fair value.
Using relative valuations metrics:
- GLW could be overvalued based on its P/E ratio of 89.35x, relative to Electronic Components industry P/E ratio of 38.56x
- GLW could be undervalued based on its P/B ratio of 3.76x, relative to Electronic Components industry P/B ratio of 4.2x
- GLW may be undervalued based on its PEG ratio of 0.91x
You can do additional valuation analysis on GLW's stock here.
GLW Financial Summary
Pros:
- GLW's operating cash flow of $2.05B allows it to safely service it's debt of $7.28B.
- There are more short-term assets than short-term liabilities on the GLW balance sheet.
Cons:
- GLW profit margin has gone down from 4.7% to 3.5% in the past year.
- GLW earnings of $922.00M is not sufficient to cover its interest payments.
- Total GLW debt is higher than 5 years ago, relative to shareholder equity.
- GLW has a relatively high debt to equity ratio of 1.54.
- There are more long-term liabilities than short-term assets on the GLW balance sheet.
Is it a good time to buy GLW stock, according to Wall Street analysts?
Out of 12 Wall Street analysts who give recommendations on GLW, the consensus analyst rating on GLW is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest GLW Analyst Upgrades/Downgrades
Tim Long, a top 3% analyst from Barclays maintains GLW with a hold rating and raises their GLW price target from $36.00 to $40.00, on Jul 31, 2024.
Samik Chatterjee, a top 5% analyst from JP Morgan maintains GLW with a strong buy rating and raises their GLW price target from $47.00 to $55.00, on Jul 29, 2024.
JP Morgan's Samik Chatterjee raised their price target on Corning (NYSE: GLW) by 17% from $47 to $55 on 2024/07/29. The analyst maintained their Strong Buy rating on the stock.
Chatterjee's price target hike was delivered in a preview of Corning's Q2 2024 earnings, just ahead of the report's 2024/07/30 release date.
According to the analyst, the strengthening fundamentals in the company's Display and Optical divisions underlie the 40% YTD increase in Corning's stock price.
Chatterjee predicted that the Display segment's upward momentum drivers will moderate in 2H 2024 while the Optical segment's upward momentum will increase further.
Meta Marshall, a top 5% analyst from Morgan Stanley maintains GLW with a hold rating and maintains their GLW price target from $39.00 to $39.00, on Jul 26, 2024.
Asiya Merchant, a top 12% analyst from Citigroup maintains GLW with a strong buy rating and raises their GLW price target from $45.00 to $51.00, on Jul 12, 2024.
Joshua Spector, a bottom 12% analyst from UBS maintains GLW with a hold rating and raises their GLW price target from $38.00 to $44.00, on Jul 9, 2024.
You can dig deeper into what analysts are projecting on the Corning stock forecast page.
GLW Technical Indicators
GLW Revenue
Last year, GLW earnings were $437.00M. Over the past five year, GLW's earnings have increased by -21.9% per year. This was slower than the Electronic Components industry average of 13.56%.
Last year, GLW revenue was $12.39B. During the last 5 year, GLW's revenue has increased by 0.99% per year. This was slower than the Electronic Components industry average of 5.88%.
You can research GLW's earnings and revenue performance here.
Who is buying/selling GLW?
Over the past year, executives and large shareholders at GLW have sold more shares than they have bought.
John P. Bayne Jr., was the latest GLW insider to sell. They sold $212,500.00 worth of GLW shares on Sep 13, 2024.
Research more about who owns GLW stock here.
Does GLW stock generate passive income?
Corning pays a dividend of 1.81%, compared to the Electronic Components industry's average dividend yield of 1.7%. If you owned $1,000 of GLW stock, you would have received $18.08 in the past year.
Corning dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Corning dividend yield and history here.
What do other traders have to say about GLW?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your GLW trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you want additional info about buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your GLW investment
Now that you own some GLW stock, you'll want to keep up with your company.
Put GLW on a watchlist to keep tabs on your GLW stock.
GLW Feed
How to Buy Stock in Corning
To reiterate, here are the 6 steps for buying Corning stock:
- Choose where to buy Corning stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate Corning stock
- Place your GLW trade
- Get key alerts regarding your GLW investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your investment in Corning, click below.
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