While GlobalFoundries Inc has underperformed by -4.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GFS fell by -26.44%, with highs and lows ranging from $62.61 to $37.94, whereas the simple moving average fell by -25.14% in the last 200 days.
On October 28, 2024, Morgan Stanley Downgraded GlobalFoundries Inc (NASDAQ: GFS) to Equal-Weight. A report published by TD Cowen on August 07, 2024, Reiterated its previous ‘Buy’ rating for GFS. Jefferies also rated GFS shares as ‘Buy’, setting a target price of $62 on the company’s shares in an initiating report dated May 13, 2024. Evercore ISI Initiated an Outperform rating on April 16, 2024, and assigned a price target of $71. Cantor Fitzgerald April 08, 2024d its ‘Overweight’ rating to ‘Neutral’ for GFS, as published in its report on April 08, 2024. Susquehanna’s report from March 05, 2024 suggests a price prediction of $48 for GFS shares, giving the stock a ‘Neutral’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of GlobalFoundries Inc (GFS)
Further, the quarter-over-quarter decrease in sales is -11.54%, showing a negative trend in the upcoming months.
One of the most important indicators of GlobalFoundries Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 7.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GFS is recording 1.38M average volume. On a monthly basis, the volatility of the stock is set at 3.32%, whereas on a weekly basis, it is put at 5.27%, with a loss of -6.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.31, showing growth from the present price of $36.50, which can serve as yet another indication of whether GFS is worth investing in or should be passed over.
How Do You Analyze GlobalFoundries Inc Shares?
The Semiconductors market is dominated by GlobalFoundries Inc (GFS) based in the USA. When comparing GlobalFoundries Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 24.95, there is a growth in quarterly earnings of -35.52%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 84.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 18.58% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GFS shares are owned by institutional investors to the tune of 18.58% at present.
