At the time of writing, GlobalFoundries Inc [GFS] stock is trading at $44.28, down -0.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GFS shares have gain 3.34% over the last week, with a monthly amount glided 7.03%, 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 November 20, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $47. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 28, 2024, and dropped its price target to $43. On August 07, 2024, TD Cowen reiterated its Buy rating and revised its price target to $55 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $62 on May 13, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $71 as its price target on April 16, 2024. Cantor Fitzgerald downgraded its rating to Neutral for this stock on April 08, 2024, and downed its price target to $55. In a note dated March 05, 2024, Susquehanna downgraded an Neutral rating on this stock but restated the target price of $48.
For the past year, the stock price of GlobalFoundries Inc fluctuated between $35.85 and $62.61. Currently, Wall Street analysts expect the stock to reach $50 within the next 12 months. GlobalFoundries Inc [NASDAQ: GFS] shares were valued at $44.28 at the most recent close of the market. An investor can expect a potential return of 12.92% based on the average GFS price forecast.
Analyzing the GFS fundamentals
According to GlobalFoundries Inc [NASDAQ:GFS], the company’s sales were 6.77B for trailing twelve months, which represents an -6.10% plunge. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.05. 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 43.87 points at the first support level, and at 43.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.82, and for the 2nd resistance point, it is at 45.36.
Ratios To Look Out For
It is important to note that GlobalFoundries Inc [NASDAQ:GFS] has a current ratio of 2.42. As well, the Quick Ratio is 1.76, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 2.13 and price to earnings (TTM) ratio is 33.20.
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.
