GLOBALFOUNDRIES Inc. (NASDAQ:GFS) went down by -2.57% from its latest closing price compared to the recent 1-year high of $79.49. The company’s stock price has collected -11.73% of loss in the last five trading sessions. Barron’s reported on 05/10/22 that GlobalFoundries Reports Strong Earnings. The Chip Shortage Is Helping Margins.
Is It Worth Investing in GLOBALFOUNDRIES Inc. (NASDAQ :GFS) Right Now?
GLOBALFOUNDRIES Inc. (NASDAQ:GFS) scored a price-to-earnings ratio above its average ratio, recording 244.55 x from its present earnings ratio. Opinions of the stock are interesting as 11 analysts out of 16 who provided ratings for GLOBALFOUNDRIES Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $71.95, which is $28.98 above the current price. GFS currently public float of 55.94M and currently shorts hold a 23.92% ratio of that float. Today, the average trading volume of GFS was 2.28M shares.
GFS’s Market Performance
GFS stocks went down by -11.73% for the week, with a monthly drop of -19.95% and a quarterly performance of -37.71%. The volatility ratio for the week stands at 5.23% while the volatility levels for the past 30 days are set at 5.59% for GLOBALFOUNDRIES Inc. The simple moving average for the period of the last 20 days is -18.33% for GFS stocks with a simple moving average of -24.80% for the last 200 days.
Analysts’ Opinion of GFS
Many brokerage firms have already submitted their reports for GFS stocks, with Morgan Stanley repeating the rating for GFS by listing it as a “Overweight.” The predicted price for GFS in the upcoming period, according to Morgan Stanley is $72.50 based on the research report published on March 03rd of the current year 2022.
Wedbush, on the other hand, stated in their research note that they expect to see GFS reach a price target of $75. The rating they have provided for GFS stocks is “Outperform” according to the report published on November 22nd, 2021.
Robert W. Baird gave a rating of “Outperform” to GFS, setting the target price at $100 in the report published on November 22nd of the previous year.
GFS Trading at -18.05% from the 50-Day Moving Average
After a stumble in the market that brought GFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.07% of loss for the given period.
Volatility was left at 5.59%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares sank -21.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.21% lower at present.
During the last 5 trading sessions, GFS fell by -11.73%, in comparison to the 20-day moving average, which settled at $52.87. In addition, GLOBALFOUNDRIES Inc. saw -32.80% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GFS
Current profitability levels for the company are sitting at:
- -0.91 for the present operating margin
- +15.38 for the gross margin
The net margin for GLOBALFOUNDRIES Inc. stands at -3.86.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.