Currently, there are 553.55M common shares owned by the public and among those 86.00M shares have been available to trade.
The company’s stock has a 5-day price change of 1.60% and -3.11% over the past three months. GFS shares are trading -31.73% year to date (YTD), with the 12-month market performance down to -21.72% lower. It has a 12-month low price of $35.85 and touched a high of $62.61 over the same period. GFS has an average intraday trading volume of 1.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.67%, 2.62%, and -14.62% respectively.
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Institutional ownership of GlobalFoundries Inc (NASDAQ: GFS) shares accounts for 18.58% of the company’s 553.55M shares outstanding.
It has a market capitalization of $22.98B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 28.28, while the earnings-per-share (ttm) stands at $1.46. The company has a PEG of 3.45 and a Quick Ratio of 1.59 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.54% over the week and 3.68% over the month.
Earnings per share for the fiscal year are expected to decrease by -33.63%, and 19.07% over the next financial year.
Looking at the support for the GFS, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on October 28, 2024, with the firm’s price target at $53-$43. TD Cowen coverage for the GlobalFoundries Inc (GFS) stock in a research note released on August 07, 2024 offered a Buy rating with a price target of $55. Jefferies was of a view on May 13, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $71. Cantor Fitzgerald on their part issued Neutral rating on April 08, 2024.
