The price-to-earnings ratio for GlobalFoundries Inc (NASDAQ: GFS) is above average at 31.23x. The 36-month beta value for GFS is also noteworthy at 1.57. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for GFS is 105.12M, and at present, short sellers hold a 12.00% of that float. The average trading volume of GFS on November 21, 2024 was 1.60M shares.
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GFS) stock’s latest price update
The stock of GlobalFoundries Inc (NASDAQ: GFS) has decreased by -1.70 when compared to last closing price of 42.38. Despite this, the company has experienced a -1.77% fall in its stock price over the last five trading sessions. reuters.com reported 2024-11-20 that The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and Vermont.
GFS’s Market Performance
GFS’s stock has fallen by -1.77% in the past week, with a monthly rise of 6.01% and a quarterly drop of -5.94%. The volatility ratio for the week is 3.89% while the volatility levels for the last 30 days are 4.69% for GlobalFoundries Inc The simple moving average for the past 20 days is 1.27% for GFS’s stock, with a -12.72% simple moving average for the past 200 days.
Analysts’ Opinion of GFS
Morgan Stanley, on the other hand, stated in their research note that they expect to see GFS reach a price target of $43, previously predicting the price at $53. The rating they have provided for GFS stocks is “Equal-Weight” according to the report published on October 28th, 2024.
TD Cowen gave a rating of “Buy” to GFS, setting the target price at $55 in the report published on August 07th of the current year.
GFS Trading at 3.24% 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 -33.46% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.36% upper at present.
During the last 5 trading sessions, GFS fell by -1.77%, which changed the moving average for the period of 200-days by -19.34% in comparison to the 20-day moving average, which settled at $41.14. In addition, GlobalFoundries Inc saw -31.25% 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 3.43. 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 summary, GlobalFoundries Inc (GFS) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
