GlobalFoundries Inc (NASDAQ: GFS) is -10.88% 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 $37.57 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $38.24, the stock is -6.32% and -8.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 1.78% at the moment leaves the stock -14.09% off its SMA200. GFS registered -31.30% loss for a year compared to 6-month loss of -18.08%.
The stock witnessed a -7.63% gain in the last 1 month and extending the period to 3 months gives it a -11.58%, and is -5.84% 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 5.86% over the week and 5.28% over the month.
GlobalFoundries Inc (GFS) has around 12000 employees, a market worth around $21.24B and $6.75B in sales. Fwd P/E is 15.79. Profit margin for the company is -3.93%. Distance from 52-week low is 6.67% and -38.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.16%).
with sales reaching $1.58B over the same period.The EPS is expected to grow by 9.12% this year, but quarterly earnings will post 4.26% year-over-year. Quarterly sales are estimated to grow 1.90% in year-over-year returns.
The shares outstanding are 555.50M, and float is at 105.12M with Short Float at 11.19%.
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 84.7477 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 8.7031 of the shares outstanding. The other top investors are MATRIX CAPITAL MANAGEMENT COMPANY, LP which holds 16.91 million shares representing 3.0532 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.
