GlobalFoundries Inc [GFS] stock is trading at $46.79, up 13.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GFS shares have gain 22.74% over the last week, with a monthly amount glided 18.37%, and 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 October 28, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $43 from $53. Previously, TD Cowen reaffirmed its Buy rating on August 07, 2024, and dropped its price target to $55. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $62 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $71 on April 16, 2024. Cantor Fitzgerald downgraded its rating to a Neutral and reduced its price target to $55 on April 08, 2024. Susquehanna downgraded its rating to Neutral for this stock on March 05, 2024, but kept the price target unchanged to $48. In a note dated February 14, 2024, Citigroup downgraded an Neutral rating on this stock and revised its target price from $70 to $56.
GlobalFoundries Inc [GFS] stock has fluctuated between $35.85 and $62.61 over the past year. Currently, Wall Street analysts expect the stock to reach $67.38 within the next 12 months. GlobalFoundries Inc [NASDAQ: GFS] shares were valued at $46.79 at the most recent close of the market. An investor can expect a potential return of 44.01% based on the average GFS price forecast.
Analyzing the GFS fundamentals
GlobalFoundries Inc [NASDAQ:GFS] reported sales of 6.77B for the trailing twelve months, which represents a drop of -6.10%. 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 44.32 points at the first support level, and at 41.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.20, and for the 2nd resistance point, it is at 49.61.
Ratios To Look Out For
For context, GlobalFoundries Inc’s Current Ratio is 2.42. Also, the Quick Ratio is 1.76, while the Cash Ratio stands at 0.77. Considering the valuation of this stock, the price to sales ratio is 3.84, the price to book ratio is 2.25 and price to earnings (TTM) ratio is 35.08.
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.
