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.
GlobalFoundries Inc (NASDAQ: GFS) closed the day trading at $46.89 down -0.99% from the previous closing price of $47.36. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 1.41 million shares were traded. GFS stock price reached its highest trading level at $47.23 during the session, while it also had its lowest trading level at $46.42.
Ratios:
For a better understanding of GFS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.01. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.04. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.16.
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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $71.
On April 08, 2024, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $70 to $55.
Susquehanna Downgraded its Positive to Neutral on March 05, 2024, while the target price for the stock was maintained at $48.
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 25939499008 and an Enterprise Value of 24929169408. As of this moment, GlobalFoundries’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.56, and their Forward P/E ratio for the next fiscal year is 21.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 3.372 whereas that against EBITDA is 9.404.
Stock Price History:
Over the past 52 weeks, GFS has reached a high of $68.57, while it has fallen to a 52-week low of $46.73. The 50-Day Moving Average of the stock is -10.59%, while the 200-Day Moving Average is calculated to be -16.41%.
Shares Statistics:
Over the past 3-months, GFS traded about 1.62M shares per day on average, while over the past 10 days, GFS traded about 1449040 shares per day. A total of 547.75M shares are outstanding, with a floating share count of 78.25M. Insiders hold about 85.71% of the company’s shares, while institutions hold 15.98% stake in the company. Shares short for GFS as of 1711584000 were 13086879 with a Short Ratio of 8.06, compared to 1709164800 on 12545163. Therefore, it implies a Short% of Shares Outstanding of 13086879 and a Short% of Float of 15.640001.
Earnings Estimates
Investors are eagerly awaiting the insights provided by VinFast Auto Ltd. analysts currently analyzing and rating the stock of GlobalFoundries Inc (GFS).The consensus estimate for the next quarter is $403.11, with high estimates of $124.27 and low estimates of $0.39.
Analysts are recommending an EPS of between $Financial Services and $Consumer Defensive for the fiscal current year, implying an average EPS of $Financial Services.
