GlobalFoundries Inc (NASDAQ: GFS) is -14.64% lower on its value in year-to-date trading and has touched a low of $48.12 and a high of $72.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GFS stock was last observed hovering at around $50.79 in the last trading session, with the day’s gains setting it 0.94%.
Currently trading at $51.73, the stock is -2.18% and -4.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 1.85% at the moment leaves the stock -9.17% off its SMA200. GFS registered -23.70% loss for a year compared to 6-month loss of -8.00%. The firm has a 50-day simple moving average (SMA 50) of $3.73 and a 200-day simple moving average (SMA200) of $10.40.
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The stock witnessed a -3.31% gain in the last 1 month and extending the period to 3 months gives it a -16.55%, and is -1.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.76% over the month.
GlobalFoundries Inc (GFS) has around 14000 employees, a market worth around $28.62B and $7.39B in sales. Current P/E ratio is 28.20 and Fwd P/E is 23.73. Profit margin for the company is 13.80%. Distance from 52-week low is 7.51% and -28.52% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
GlobalFoundries Inc quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $1.52B over the same period.The EPS is expected to shrink by -40.76% this year, but quarterly earnings will post -8.20% year-over-year. Quarterly sales are estimated to shrink -17.30% in year-over-year returns.
398 institutions hold shares in GlobalFoundries Inc (GFS), with institutional investors hold 102.70% of the company’s shares. The shares outstanding are 547.75M, and float is at 79.03M with Short Float at 15.87%. Institutions hold 102.70% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 29.66 million shares valued at $1.92 billion. The investor’s holdings represent 5.41% of the GFS Shares outstanding. As of Jun 29, 2023, the second largest holder is Matrix Capital Management with 17.05 million shares valued at $1.1 billion to account for 3.11% of the shares outstanding. The other top investors are Blackrock Inc. which holds 3.7 million shares representing 0.67% and valued at over $238.71 million, while Invesco Ltd. holds 0.46% of the shares totaling 2.5 million with a market value of $161.14 million.
