GlobalFoundries Inc (GFS) concluded trading on Thursday at a closing price of $44.28, with 2.67 million shares of worth about $118.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.82% during that period and on December 05, 2024 the price saw a loss of about -0.23%. Currently the company’s common shares owned by public are about 553.55M shares, out of which, 105.12M shares are available for trading.
Stock saw a price change of 3.34% in past 5 days and over the past one month there was a price change of 7.03%. Year-to-date (YTD), GFS shares are showing a performance of -26.93% which decreased to -14.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.85 but also hit the highest price of $62.61 during that period. The average intraday trading volume for GlobalFoundries Inc shares is 1.65 million. The stock is currently trading 2.34% above its 20-day simple moving average (SMA20), while that difference is up 7.43% for SMA50 and it goes to -6.19% lower than SMA200.
GlobalFoundries Inc (NASDAQ: GFS) currently have 553.55M outstanding shares and institutions hold larger chunk of about 18.43% of that.
The stock has a current market capitalization of $24.60B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 33.20, while it has posted earnings per share of $1.33 in the same period. Its PEG reads 9.28 and has Quick Ratio of 1.76 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GFS, volatility over the week remained 2.89% while standing at 4.01% over the month.
Stock’s fiscal year EPS is expected to drop by -30.77% while it is estimated to increase by 14.18% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 20, 2024 offering a Neutral rating for the stock and assigned a target price of $47 to it. Coverage by Morgan Stanley stated GlobalFoundries Inc (GFS) stock as an Equal-weight in their note to investors on October 28, 2024, suggesting a price target of $43 for the stock. On August 07, 2024, TD Cowen Reiterated their recommendations, while on May 13, 2024, Jefferies Initiated their ratings for the stock with a price target of $62. Stock get an Outperform rating from Evercore ISI on April 16, 2024.
