GlobalFoundries Inc (GFS) Analysis & Opinions from Experts

GlobalFoundries Inc (NASDAQ: GFS) is -33.60% lower on its value in year-to-date trading and has touched a low of $37.94 and a high of $62.61 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 $40.40 in the last trading session, with the day’s loss setting it -0.16%.

Currently trading at $40.24, the stock is 0.92% and -2.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing -0.40% at the moment leaves the stock -17.91% off its SMA200. GFS registered -22.70% loss for a year compared to 6-month loss of -17.54%. The firm has a 50-day simple moving average (SMA 50) of $41.2114 and a 200-day simple moving average (SMA200) of $49.021626.

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The stock witnessed a -1.73% gain in the last 1 month and extending the period to 3 months gives it a -18.74%, and is 0.57% up 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 3.89% over the week and 3.11% over the month.

GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $22.35B and $6.89B in sales. Current P/E ratio is 27.51 and Fwd P/E is 21.24. Profit margin for the company is 11.82%. Distance from 52-week low is 6.06% and -35.73% from its 52-week high. The company has generated returns on investments over the last 12 months (6.08%).

with sales reaching $1.73B over the same period.The EPS is expected to shrink by -37.84% this year, but quarterly earnings will post -9.00% year-over-year. Quarterly sales are estimated to shrink -6.80% in year-over-year returns.

GlobalFoundries Inc (GFS) Top Institutional Holders

The shares outstanding are 553.55M, and float is at 86.00M with Short Float at 14.38%.

The top institutional shareholder in the company is MUBADALA INVESTMENT CO PJSC with over 469.5 million shares valued at $23.74 billion. The investor’s holdings represent 84.595% of the GFS Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 48.22 million shares valued at $2.44 billion to account for 8.6874 of the shares outstanding. The other top investors are MATRIX CAPITAL MANAGEMENT COMPANY, LP which holds 16.91 million shares representing 3.0477% and valued at over $855.22 million, while BLACKROCK INC. holds 0.6988 of the shares totaling 3.88 million with a market value of $196.1 million.