Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, GlobalFoundries Inc (NASDAQ: GFS) closed at $37.48 down -0.72% from its previous closing price of $37.75. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 1.22 million shares were traded.
Ratios:
For a deeper understanding of GlobalFoundries Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.36. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
On November 20, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $47.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 28, 2024, whereas the target price for the stock was revised from $53 to $43.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 02 ’24 when EDELMAN MARTIN L bought 4,866 shares for $38.76 per share.
EDELMAN MARTIN L bought 1,823 shares of GFS for $80,814 on Aug 07 ’24.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 1.88.
Stock Price History:
Over the past 52 weeks, GFS has reached a high of $61.98, while it has fallen to a 52-week low of $29.77. The 50-Day Moving Average of the stock is 3.86%, while the 200-Day Moving Average is calculated to be -7.17%.
Shares Statistics:
A total of 554.73M shares are outstanding, with a floating share count of 104.62M. Insiders hold about 81.08% of the company’s shares, while institutions hold 18.65% stake in the company.
