GlobalFoundries Inc (NASDAQ: GFS) is -26.50% lower on its value in year-to-date trading and has touched a low of $34.31 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 $34.37 in the last trading session, with the day’s loss setting it -2.83%.
Currently trading at $31.54, the stock is -15.81% and -20.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing -8.23% at the moment leaves the stock -26.84% off its SMA200. GFS registered -38.43% loss for a year compared to 6-month loss of -20.91%. The firm has a 50-day simple moving average (SMA 50) of $39.4871 and a 200-day simple moving average (SMA200) of $43.112427.
The stock witnessed a -17.84% gain in the last 1 month and extending the period to 3 months gives it a -25.75%, and is -14.50% 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 5.78% over the week and 4.55% over the month.
GlobalFoundries Inc (GFS) has around 13000 employees, a market worth around $17.44B and $6.75B in sales. Fwd P/E is 12.97. Profit margin for the company is -3.93%. Distance from 52-week low is -8.06% and -49.11% 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 9.21% 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.
GlobalFoundries Inc (GFS) Top Institutional Holders
429.0 institutions hold shares in GlobalFoundries Inc (GFS), with institutional investors hold 103.00% of the company’s shares. The shares outstanding are 552.91M, and float is at 104.62M with Short Float at 12.02%. Institutions hold 103.00% of the Float.
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 0.7001 of the shares totaling 3.88 million with a market value of $196.1 million.
GlobalFoundries Inc (GFS) Insider Activity
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