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As of close of business last night, GlobalFoundries Inc’s stock clocked out at $51.48, down -0.52% from its previous closing price of $51.75. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 0.86 million shares were traded. GFS stock price reached its highest trading level at $52.66 during the session, while it also had its lowest trading level at $51.44.
Ratios:
To gain a deeper understanding of GFS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.22.
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, Jefferies on May 13, 2024, initiated with a Buy rating and assigned the stock a target price of $62.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $71.
Cantor Fitzgerald Downgraded its Overweight to Neutral on April 08, 2024, whereas the target price for the stock was revised from $70 to $55.
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 28404860928 and an Enterprise Value of 28384905216. As of this moment, GlobalFoundries’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.86, and their Forward P/E ratio for the next fiscal year is 24.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.03 while its Price-to-Book (P/B) ratio in mrq is 2.54. Its current Enterprise Value per Revenue stands at 3.998 whereas that against EBITDA is 11.409.
Stock Price History:
Over the past 52 weeks, GFS has reached a high of $63.85, while it has fallen to a 52-week low of $45.52. The 50-Day Moving Average of the stock is -0.56%, while the 200-Day Moving Average is calculated to be -3.46%.
Shares Statistics:
It appears that GFS traded 1.75M shares on average per day over the past three months and 2092550 shares per day over the past ten days. 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 16.18% stake in the company. Shares short for GFS as of 1721001600 were 11494119 with a Short Ratio of 6.58, compared to 1718323200 on 12222470. Therefore, it implies a Short% of Shares Outstanding of 11494119 and a Short% of Float of 13.969999999999999.
