GlobalFoundries Inc (NASDAQ: GFS) is -2.49% lower on its value in year-to-date trading and has touched a low of $35.85 and a high of $61.98 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 $41.17 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $41.84, the stock is -2.25% and -2.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 1.63% at the moment leaves the stock -8.90% off its SMA200. GFS registered -27.10% loss for a year compared to 6-month loss of -23.12%. The firm has a 50-day simple moving average (SMA 50) of $42.8532 and a 200-day simple moving average (SMA200) of $45.979.
The stock witnessed a -4.87% gain in the last 1 month and extending the period to 3 months gives it a 1.23%, and is -3.90% 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 2.82% over the week and 3.48% over the month.
GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $23.24B and $6.77B in sales. Current P/E ratio is 31.37 and Fwd P/E is 23.70. Profit margin for the company is 10.95%. Distance from 52-week low is 16.71% and -32.49% 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
The shares outstanding are 553.55M, and float is at 105.12M with Short Float at 12.33%.
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.
