GlobalFoundries Inc (NASDAQ: GFS) is -12.12% 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 $36.87 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $37.71, the stock is 0.22% and 5.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 2.28% at the moment leaves the stock -5.93% off its SMA200. GFS registered -23.04% loss for a year compared to 6-month loss of -12.81%. The firm has a 50-day simple moving average (SMA 50) of $35.8262 and a 200-day simple moving average (SMA200) of $40.086475.
The stock witnessed a 5.10% gain in the last 1 month and extending the period to 3 months gives it a -1.39%, and is 2.64% 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 2.59% over the week and 2.33% over the month.
GlobalFoundries Inc (GFS) has around 13000 employees, a market worth around $20.85B and $6.79B in sales. Fwd P/E is 17.14. Profit margin for the company is -2.77%. Distance from 52-week low is 26.67% and -39.16% 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
422.0 institutions hold shares in GlobalFoundries Inc (GFS), with institutional investors hold 102.15% of the company’s shares. The shares outstanding are 554.73M, and float is at 104.62M with Short Float at 8.64%. Institutions hold 102.15% 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.
