GlobalFoundries Inc (GFS) Stock: A Closer Look at the Moving Averages

The stock of GlobalFoundries Inc (GFS) has gone up by 0.43% for the week, with a -6.33% drop in the past month and a -8.24% drop in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are 2.45% for GFS. The simple moving average for the last 20 days is -3.14% for GFS stock, with a simple moving average of -8.76% 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 above average at 30.51x, Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for GFS is 86.00M, and currently, short sellers hold a 14.60% ratio of that floaft. The average trading volume of GFS on June 13, 2024 was 1.57M shares.

GFS) stock’s latest price update

GlobalFoundries Inc (NASDAQ: GFS)’s stock price has increased by 1.82 compared to its previous closing price of 48.42. However, the company has seen a 0.43% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-06-05 that The return of Keith Gill, the trader commonly known as Roaring Kitty, has sparked a great deal of enthusiasm. All sorts of meme stocks and heavily shorted companies are seeing their share prices rally on this development.

Analysts’ Opinion of GFS

Many brokerage firms have already submitted their reports for GFS stocks, with Jefferies repeating the rating for GFS by listing it as a “Buy.” The predicted price for GFS in the upcoming period, according to Jefferies is $62 based on the research report published on May 13, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see GFS reach a price target of $71. The rating they have provided for GFS stocks is “Outperform” according to the report published on April 16th, 2024.

Cantor Fitzgerald gave a rating of “Neutral” to GFS, setting the target price at $55 in the report published on April 08th of the current year.

GFS Trading at -1.32% 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 -28.10% of loss for the given period.

Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -9.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.54% lower at present.

During the last 5 trading sessions, GFS rose by +0.43%, which changed the moving average for the period of 200-days by -6.13% in comparison to the 20-day moving average, which settled at $50.64. In addition, GlobalFoundries Inc saw -18.65% 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:

  • 0.14 for the present operating margin
  • 0.28 for the gross margin

The net margin for GlobalFoundries Inc stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 8.36, with 4.96 for asset returns.

Based on GlobalFoundries Inc (GFS), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91.

Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. The receivables turnover for the company is 6.09for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.

Conclusion

In a nutshell, GlobalFoundries Inc (GFS) has experienced a bad performance in recent times. The stock has received mixed “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.

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