In the past week, GFS stock has gone down by -3.23%, with a monthly decline of -5.49% and a quarterly plunge of -14.90%. The volatility ratio for the week is 2.14%, and the volatility levels for the last 30 days are 2.52% for GLOBALFOUNDRIES Inc. The simple moving average for the last 20 days is -3.23% for GFS’s stock, with a simple moving average of -8.69% for the last 200 days.
Is It Worth Investing in GLOBALFOUNDRIES Inc. (NASDAQ: GFS) Right Now?
The price-to-earnings ratio for GLOBALFOUNDRIES Inc. (NASDAQ: GFS) is 20.45x, which is above its average ratio. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The average price recommended by analysts for GLOBALFOUNDRIES Inc. (GFS) is $72.19, which is $17.24 above the current market price. The public float for GFS is 538.18M and currently, short sellers hold a 1.87% of that float. On May 25, 2023, GFS’s average trading volume was 1.32M shares.
GFS) stock’s latest price update
GLOBALFOUNDRIES Inc. (NASDAQ: GFS) has experienced a decline in its stock price by -0.83 compared to its previous closing price of 55.51. However, the company has seen a fall of -3.23% in its stock price over the last five trading days. The Wall Street Journal reported on 04/19/23 that GlobalFoundries Files Trade-Secrets Lawsuit Against IBM
GFS Trading at -12.03% 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 -24.07% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares sank -4.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.75% lower at present.
During the last 5 trading sessions, GFS fell by -2.97%, which changed the moving average for the period of 200-days by -0.84% in comparison to the 20-day moving average, which settled at $56.74. In addition, GLOBALFOUNDRIES Inc. saw 2.15% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GFS
Equity return is now at value 16.10, with 8.80 for asset returns.
Conclusion
To wrap up, the performance of GLOBALFOUNDRIES Inc. (GFS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
