At the time of writing, GlobalFoundries Inc [GFS] stock is trading at $39.53, down -0.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The GFS shares have gain 2.52% over the last week, with a monthly amount drifted -2.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
GlobalFoundries Inc [NASDAQ: GFS] stock has seen the most recent analyst activity on August 07, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $55 from $65. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $62. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $71 on the stock. Cantor Fitzgerald downgraded its rating to a Neutral and decreased its price target to $55 on April 08, 2024. Susquehanna downgraded its rating to a Neutral but $48 remained the price target by the analyst firm on March 05, 2024. Citigroup downgraded its rating to Neutral for this stock on February 14, 2024, and downed its price target to $56. In a note dated February 05, 2024, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $65 to $56.
For the past year, the stock price of GlobalFoundries Inc fluctuated between $38.45 and $62.61. Currently, Wall Street analysts expect the stock to reach $69.86 within the next 12 months. GlobalFoundries Inc [NASDAQ: GFS] shares were valued at $39.53 at the most recent close of the market. An investor can expect a potential return of 76.73% based on the average GFS price forecast.
Analyzing the GFS fundamentals
According to GlobalFoundries Inc [NASDAQ:GFS], the company’s sales were 6.89B for trailing twelve months, which represents an -11.54% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.12 points at the first support level, and at 38.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.85, and for the 2nd resistance point, it is at 40.18.
Ratios To Look Out For
It is important to note that GlobalFoundries Inc [NASDAQ:GFS] has a current ratio of 2.22. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 3.19, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 27.03.
Transactions by insiders
Recent insider trading involved EDELMAN MARTIN L, Director, that happened on Oct 02 ’24 when 4866.0 shares were purchased. Director, EDELMAN MARTIN L completed a deal on Aug 07 ’24 to buy 1823.0 shares.
