GlobalFoundries Inc (NASDAQ: GFS) is -12.03% 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 $39.12 in the last trading session, with the day’s loss setting it -1.37%.
Currently trading at $37.75, the stock is 2.15% and 4.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -3.50% at the moment leaves the stock -6.58% off its SMA200. GFS registered -30.03% loss for a year compared to 6-month loss of -8.57%. The firm has a 50-day simple moving average (SMA 50) of $36.0758 and a 200-day simple moving average (SMA200) of $40.409824.
The stock witnessed a 19.05% gain in the last 1 month and extending the period to 3 months gives it a -15.26%, and is -5.70% 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 2.12% over the week and 3.01% over the month.
GlobalFoundries Inc (GFS) has around 13000 employees, a market worth around $20.87B and $6.79B in sales. Fwd P/E is 17.15. Profit margin for the company is -2.77%. Distance from 52-week low is 26.81% and -39.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.50%).
The EPS is expected to grow by 3.74% this year
423.0 institutions hold shares in GlobalFoundries Inc (GFS), with institutional investors hold 102.14% of the company’s shares. The shares outstanding are 554.73M, and float is at 104.62M with Short Float at 8.58%. Institutions hold 102.14% 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.
