GlobalFoundries Inc (NASDAQ: GFS)’s stock price has plunge by 9.73relation to previous closing price of 49.73. Nevertheless, the company has seen a 11.64% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in GlobalFoundries Inc (NASDAQ: GFS) Right Now?
GlobalFoundries Inc (NASDAQ: GFS) has a higher price-to-earnings ratio of 29.73x compared to its average ratio, The 36-month beta value for GFS is at 1.60. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GFS is 78.25M, and currently, shorts hold a 17.05% of that float. The average trading volume for GFS on May 07, 2024 was 1.58M shares.
GFS’s Market Performance
The stock of GlobalFoundries Inc (GFS) has seen a 11.64% increase in the past week, with a 8.57% rise in the past month, and a 5.65% gain in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.88% for GFS. The simple moving average for the last 20 days is 13.05% for GFS stock, with a simple moving average of -0.74% for the last 200 days.
Analysts’ Opinion of GFS
Many brokerage firms have already submitted their reports for GFS stocks, with Evercore ISI repeating the rating for GFS by listing it as a “Outperform.” The predicted price for GFS in the upcoming period, according to Evercore ISI is $71 based on the research report published on April 16, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see GFS reach a price target of $55, previously predicting the price at $70. The rating they have provided for GFS stocks is “Neutral” according to the report published on April 08th, 2024.
Susquehanna gave a rating of “Neutral” to GFS, setting the target price at $48 in the report published on March 05th of the current year.
GFS Trading at 7.40% 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 -20.42% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +5.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.42% lower at present.
During the last 5 trading sessions, GFS rose by +11.07%, which changed the moving average for the period of 200-days by -14.84% in comparison to the 20-day moving average, which settled at $48.40. In addition, GlobalFoundries Inc saw -9.95% 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 9.71, with 5.68 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 4.02. 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
In conclusion, GlobalFoundries Inc (GFS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
