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The price of GlobalFoundries Inc (NASDAQ: GFS) closed at $41.66 in the last session, down -1.70% from day before closing price of $42.38. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 1.45 million shares were traded. GFS stock price reached its highest trading level at $42.8677 during the session, while it also had its lowest trading level at $41.02.
Ratios:
We take a closer look at GFS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.25 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, UBS on Nov-21-24, initiated with a Neutral rating and assigned the stock a target price of $47.
On October 28, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $53 to $43.
TD Cowen reiterated its Buy rating for the stock on August 07, 2024, while the target price for the stock was revised from $65 to $55.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 23023605760 and an Enterprise Value of 22448590848. As of this moment, GlobalFoundries’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.23, and their Forward P/E ratio for the next fiscal year is 23.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.42 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 3.314 whereas that against EBITDA is 9.581.
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 $35.85. The 50-Day Moving Average of the stock is 3.24%, while the 200-Day Moving Average is calculated to be -12.72%.
Shares Statistics:
According to the various share statistics, GFS traded on average about 1.60M shares per day over the past 3-months and 2609370 shares per day over the past 10 days. A total of 553.55M shares are outstanding, with a floating share count of 105.12M. Insiders hold about 81.08% of the company’s shares, while institutions hold 18.41% stake in the company. Shares short for GFS as of 1730332800 were 12613216 with a Short Ratio of 7.91, compared to 1727654400 on 12171884. Therefore, it implies a Short% of Shares Outstanding of 12613216 and a Short% of Float of 15.17.
