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In the latest session, GlobalFoundries Inc (NASDAQ: GFS) closed at $31.36 down -1.07% from its previous closing price of $31.70. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 1.78 million shares were traded. GFS stock price reached its highest trading level at $31.58 during the session, while it also had its lowest trading level at $30.73.
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 5.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.22 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:
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 17527324672 and an Enterprise Value of 16322345984. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 2.418 whereas that against EBITDA is 7.349.
Stock Price History:
The Beta on a monthly basis for GFS is 1.55, which has changed by -0.32340884 over the last 52 weeks, in comparison to a change of 0.017286062 over the same period for the S&P500. 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 -17.14%, while the 200-Day Moving Average is calculated to be -25.71%.
Shares Statistics:
For the past three months, GFS has traded an average of 2.54M shares per day and 2502370 over the past ten days. A total of 552.91M shares are outstanding, with a floating share count of 104.62M. Insiders hold about 81.08% of the company’s shares, while institutions hold 19.44% stake in the company. Shares short for GFS as of 1743379200 were 10888661 with a Short Ratio of 4.29, compared to 1740700800 on 10975731. Therefore, it implies a Short% of Shares Outstanding of 10888661 and a Short% of Float of 13.05.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Currently, 15.0 analysts are dedicated to thoroughly evaluating and rating the performance of GlobalFoundries Inc (GFS) in the stock market.The consensus estimate for the next quarter is $0.36, with high estimates of $0.43 and low estimates of $0.29.
Analysts are recommending an EPS of between $1.89 and $1.38 for the fiscal current year, implying an average EPS of $1.69. EPS for the following year is $2.4, with 17.0 analysts recommending between $2.78 and $1.92.
Revenue Estimates
A total of 15 analysts believe the company’s revenue will be $1.58B this quarter.It ranges from a high estimate of $1.6B to a low estimate of $1.57B. As of the current estimate, GlobalFoundries Inc’s year-ago sales were $1.55BFor the next quarter, 15 analysts are estimating revenue of $1.67B. There is a high estimate of $1.74B for the next quarter, whereas the lowest estimate is $1.59B.
A total of 19 analysts have provided revenue estimates for GFS’s current fiscal year. The highest revenue estimate was $7.77B, while the lowest revenue estimate was $6.12B, resulting in an average revenue estimate of $7.01B. In the same quarter a year ago, actual revenue was $6.75BBased on 19 analysts’ estimates, the company’s revenue will be $7.72B in the next fiscal year. The high estimate is $8.59B and the low estimate is $6.1B.
