While GlobalFoundries Inc has overperformed by 0.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GFS fell by -25.65%, with highs and lows ranging from $62.61 to $35.85, whereas the simple moving average fell by -11.91% in the last 200 days.
On November 20, 2024, UBS started tracking GlobalFoundries Inc (NASDAQ: GFS) recommending Neutral. A report published by Morgan Stanley on October 28, 2024, Downgraded its rating to ‘Equal-Weight’ for GFS. TD Cowen also reiterated GFS shares as ‘Buy’, quoting a target price of $55 on the company’s shares in a report dated August 07, 2024. Jefferies Initiated an Buy rating on May 13, 2024, and assigned a price target of $62. Evercore ISI initiated its ‘Outperform’ rating for GFS, as published in its report on April 16, 2024. Cantor Fitzgerald’s report from April 08, 2024 suggests a price prediction of $55 for GFS shares, giving the stock a ‘Neutral’ rating. Susquehanna also rated the stock as ‘Neutral’.
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Analysis of GlobalFoundries Inc (GFS)
Further, the quarter-over-quarter decrease in sales is -6.10%, showing a negative trend in the upcoming months.
In order to gain a clear picture of GlobalFoundries Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 6.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.76, 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.
An average volume of 1.60M can be a very valuable indicator of volatility for GFS stock. On a monthly basis, the volatility of the stock is set at 4.63%, whereas on a weekly basis, it is put at 3.54%, with a loss of -1.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.31, showing growth from the present price of $42.00, 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 USA based company GlobalFoundries Inc (GFS) is one of the biggest names in Semiconductors. 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 31.49, there is a growth in quarterly earnings of -28.79%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 81.08%. 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 18.41% 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 18.41% at present.
