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After finishing at $39.30 in the prior trading day, GlobalFoundries Inc (NASDAQ: GFS) closed at $38.37, down -2.37%. In other words, the price has decreased by -$2.37 from its previous closing price. On the day, 1.16 million shares were traded. GFS stock price reached its highest trading level at $39.34 during the session, while it also had its lowest trading level at $37.95.
Ratios:
Our goal is to gain a better understanding of GFS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.42. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.22. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on August 07, 2024, Reiterated its Buy rating but revised its target price to $55 from $65 previously.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $62.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $71.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $71 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GFS now has a Market Capitalization of 21171683328 and an Enterprise Value of 21117853696. As of this moment, GlobalFoundries’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.23, and their Forward P/E ratio for the next fiscal year is 20.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.09 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 3.066 whereas that against EBITDA is 8.755.
Stock Price History:
Over the past 52 weeks, GFS has reached a high of $62.61, while it has fallen to a 52-week low of $38.45. The 50-Day Moving Average of the stock is -7.56%, while the 200-Day Moving Average is calculated to be -22.15%.
Shares Statistics:
The stock has traded on average 1.35M shares per day over the past 3-months and 1076730 shares per day over the last 10 days, according to various share statistics. A total of 553.55M shares are outstanding, with a floating share count of 86.00M. Insiders hold about 84.52% of the company’s shares, while institutions hold 18.59% stake in the company. Shares short for GFS as of 1727654400 were 12171884 with a Short Ratio of 8.99, compared to 1724976000 on 11212929. Therefore, it implies a Short% of Shares Outstanding of 12171884 and a Short% of Float of 14.790000000000001.
