GlobalFoundries Inc (GFS) Stock Could Soon Reward Patient Investors

GlobalFoundries Inc (NASDAQ: GFS) is -25.68% 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 $44.88 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $45.04, the stock is 4.02% and 8.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 0.36% at the moment leaves the stock -4.41% off its SMA200. GFS registered -14.63% loss for a year compared to 6-month loss of -5.52%. The firm has a 50-day simple moving average (SMA 50) of $41.2998 and a 200-day simple moving average (SMA200) of $47.1561.

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The stock witnessed a -0.51% gain in the last 1 month and extending the period to 3 months gives it a 12.63%, and is -0.18% 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 3.02% over the week and 3.63% over the month.

GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $25.36B and $6.77B in sales. Current P/E ratio is 33.77 and Fwd P/E is 25.44. Profit margin for the company is 10.95%. Distance from 52-week low is 25.63% and -28.06% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).

The EPS is expected to shrink by -30.77% this year.

GlobalFoundries Inc (GFS) Top Institutional Holders

The shares outstanding are 553.55M, and float is at 105.12M with Short Float at 12.61%.

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.