Things appear to be looking up for GlobalFoundries Inc (GFS)

GlobalFoundries Inc (NASDAQ: GFS) is -29.37% lower on its value in year-to-date trading and has touched a low of $35.85 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 $42.00 in the last trading session, with the day’s gains setting it 0.8%.

Currently trading at $42.80, the stock is 3.37% and 5.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 1.90% at the moment leaves the stock -10.12% off its SMA200. GFS registered -24.74% loss for a year compared to 6-month loss of -15.67%. The firm has a 50-day simple moving average (SMA 50) of $40.4574 and a 200-day simple moving average (SMA200) of $47.61935.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 9.55% gain in the last 1 month and extending the period to 3 months gives it a -6.75%, and is 3.66% 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 3.04% over the week and 4.69% over the month.

GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $24.23B and $6.77B in sales. Current P/E ratio is 32.09 and Fwd P/E is 24.17. Profit margin for the company is 10.95%. Distance from 52-week low is 19.39% and -31.64% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).

with sales reaching $1.83B over the same period.The EPS is expected to shrink by -30.77% this year, but quarterly earnings will post -8.71% year-over-year. Quarterly sales are estimated to shrink -1.36% in year-over-year returns.

GlobalFoundries Inc (GFS) Top Institutional Holders

The shares outstanding are 553.55M, and float is at 105.12M with Short Float at 12.00%.

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.