A share price of GlobalFoundries Inc [GFS] is currently trading at $42.39, down -3.35%. 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 lost -3.33% over the last week, with a monthly amount drifted -0.05%, 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 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.
GlobalFoundries Inc experienced fluctuations in its stock price throughout the past year 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 $42.39 at the most recent close of the market. An investor can expect a potential return of 17.95% based on the average GFS price forecast.
Analyzing the GFS fundamentals
Trailing Twelve Months sales for GlobalFoundries Inc [NASDAQ:GFS] were 6.77B which represents -6.10% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 41.20 points at the first support level, and at 40.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.57, and for the 2nd resistance point, it is at 46.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GlobalFoundries Inc [NASDAQ:GFS] is 2.42. Also, the Quick Ratio is 1.76, while the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 3.48, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 31.78.
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.
