GlobalFoundries Inc (NASDAQ: GFS) is -19.25% lower on its value in year-to-date trading and has touched a low of $29.77 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 $35.23 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $34.65, the stock is 3.17% and -6.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -1.65% at the moment leaves the stock -16.79% off its SMA200. GFS registered -27.50% loss for a year compared to 6-month loss of -11.31%. The firm has a 50-day simple moving average (SMA 50) of $37.0331 and a 200-day simple moving average (SMA200) of $41.643227.
The stock witnessed a -6.07% gain in the last 1 month and extending the period to 3 months gives it a -15.90%, and is 9.27% up 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 3.48% over the week and 6.04% over the month.
GlobalFoundries Inc (GFS) has around 13000 employees, a market worth around $19.16B and $6.75B in sales. Fwd P/E is 15.12. Profit margin for the company is -3.93%. Distance from 52-week low is 16.39% and -44.09% 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 5.39% this year, but quarterly earnings will post 3.14% year-over-year. Quarterly sales are estimated to grow 1.80% in year-over-year returns.
GlobalFoundries Inc (GFS) Top Institutional Holders
421.0 institutions hold shares in GlobalFoundries Inc (GFS), with institutional investors hold 102.96% of the company’s shares. The shares outstanding are 552.91M, and float is at 104.62M with Short Float at 9.57%. Institutions hold 102.96% 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
#####
