The price-to-earnings ratio for GlobalFoundries Inc (NASDAQ: GFS) is 25.76x, which is above its average ratio. Moreover, the 36-month beta value for GFS is 1.62. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GFS is 78.25M and currently, short sellers hold a 16.72% of that float. On April 16, 2024, GFS’s average trading volume was 1.63M shares.
GFS) stock’s latest price update
The stock of GlobalFoundries Inc (NASDAQ: GFS) has decreased by -4.29 when compared to last closing price of 49.38. Despite this, the company has experienced a -5.97% fall in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-05 that MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) — GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m. ET following the release of the company’s first quarter 2024 financial results.
GFS’s Market Performance
GFS’s stock has fallen by -5.97% in the past week, with a monthly drop of -10.08% and a quarterly drop of -17.65%. The volatility ratio for the week is 4.16% while the volatility levels for the last 30 days are 2.83% for GlobalFoundries Inc The simple moving average for the last 20 days is -7.87% for GFS stock, with a simple moving average of -16.12% for the last 200 days.
Analysts’ Opinion of GFS
Many brokerage firms have already submitted their reports for GFS stocks, with Cantor Fitzgerald repeating the rating for GFS by listing it as a “Neutral.” The predicted price for GFS in the upcoming period, according to Cantor Fitzgerald is $55 based on the research report published on April 08, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see GFS reach a price target of $48. The rating they have provided for GFS stocks is “Neutral” according to the report published on March 05th, 2024.
Citigroup gave a rating of “Neutral” to GFS, setting the target price at $56 in the report published on February 14th of the current year.
GFS Trading at -10.54% 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 -31.08% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -8.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.54% lower at present.
During the last 5 trading sessions, GFS fell by -5.97%, which changed the moving average for the period of 200-days by -24.95% in comparison to the 20-day moving average, which settled at $51.07. In addition, GlobalFoundries Inc saw -22.01% 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:
- 0.16 for the present operating margin
- 0.28 for the gross margin
The net margin for GlobalFoundries Inc stands at 0.14. The total capital return value is set at 0.08. Equity return is now at value 9.73, with 5.70 for asset returns.
Based on GlobalFoundries Inc (GFS), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.9. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 50.39.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 5.21for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
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.
