GlobalFoundries Inc (NASDAQ: GFS) is -12.05% 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 $38.45 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $37.74, the stock is -7.98% and -11.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.22 million and changing -1.85% at the moment leaves the stock -16.57% off its SMA200. GFS registered -28.17% loss for a year compared to 6-month loss of -14.87%. The firm has a 50-day simple moving average (SMA 50) of $42.6836 and a 200-day simple moving average (SMA200) of $45.2762.
The stock witnessed a -9.32% gain in the last 1 month and extending the period to 3 months gives it a -19.34%, and is -8.84% 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 3.87% over the week and 3.17% over the month.
GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $20.96B and $6.77B in sales. Current P/E ratio is 28.30 and Fwd P/E is 21.45. Profit margin for the company is 10.95%. Distance from 52-week low is 5.27% and -39.11% 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 -30.81% this year, but quarterly earnings will post -8.70% 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 105.07M with Short Float at 12.63%.
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.
GlobalFoundries Inc (GFS) Insider Activity
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