The stock of GlobalFoundries Inc (GFS) has seen a -9.36% decrease in the past week, with a 5.34% gain in the past month, and a -6.65% decrease in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are at 4.34% for GFS. The simple moving average for the last 20 days is 4.61% for GFS’s stock, with a simple moving average of -11.68% for the last 200 days.
Is It Worth Investing in GlobalFoundries Inc (NASDAQ: GFS) Right Now?
GlobalFoundries Inc (NASDAQ: GFS) has a higher price-to-earnings ratio of 31.80x compared to its average ratio, The 36-month beta value for GFS is at 1.57. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for GFS is 105.12M, and currently, shorts hold a 12.00% of that float. The average trading volume for GFS on November 14, 2024 was 1.56M shares.
GFS) stock’s latest price update
GlobalFoundries Inc (NASDAQ: GFS)’s stock price has soared by 0.76 in relation to previous closing price of 42.09. Nevertheless, the company has seen a loss of -9.36% in its stock price over the last five trading days. reuters.com reported 2024-11-06 that GlobalFoundries and at least two other chipmakers are poised to receive their final Chips and Science Act awards from the Biden administration, a person briefed on the matter said, a sign of progress amid growing concerns about the pace of the award rollout.
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 “Equal-Weight.” The predicted price for GFS in the upcoming period, according to Morgan Stanley is $43 based on the research report published on October 28, 2024 of the current year 2024.
TD Cowen, 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 $65. The rating they have provided for GFS stocks is “Buy” according to the report published on August 07th, 2024.
Jefferies gave a rating of “Buy” to GFS, setting the target price at $62 in the report published on May 13th of the current year.
GFS Trading at 5.49% 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 -32.26% of loss for the given period.
Volatility was left at 4.34%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +5.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.07% upper at present.
During the last 5 trading sessions, GFS fell by -9.36%, which changed the moving average for the period of 200-days by -24.90% in comparison to the 20-day moving average, which settled at $40.54. In addition, GlobalFoundries Inc saw -30.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GFS starting from EDELMAN MARTIN L, who proposed sale 4,866 shares at the price of $38.76 back on Oct 02 ’24. After this action, EDELMAN MARTIN L now owns shares of GlobalFoundries Inc, valued at $188,606 using the latest closing price.
EDELMAN MARTIN L, the Director of GlobalFoundries Inc, proposed sale 1,823 shares at $44.33 during a trade that took place back on Aug 07 ’24, which means that EDELMAN MARTIN L is holding shares at $80,814 based on the most recent closing price.
Stock Fundamentals for GFS
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.25 for the gross margin
The net margin for GlobalFoundries Inc stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 6.65, with 4.13 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 0.81.
Currently, EBITDA for the company is 2.65 billion with net debt to EBITDA at 0.05. 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 5.35for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
In conclusion, GlobalFoundries Inc (GFS) has had a bad 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.
