GlobalFoundries Inc [NASDAQ: GFS] gained 6.25% on the last trading session, reaching $40.10 price per share at the time.
If compared to the average trading volume of 1.66M shares, GFS reached a trading volume of 6967943 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about GlobalFoundries Inc [GFS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GFS shares is $49.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GFS stock is a recommendation set at 2.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for GlobalFoundries Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 20, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $53 to $43. The new note on the price target was released on October 28, 2024, representing the official price target for GlobalFoundries Inc stock. Previously, the target price had yet another drop from $65 to $55, while TD Cowen kept a Buy rating on GFS stock. On May 13, 2024, analysts decreased their price target for GFS shares from 67 to 62.
The Average True Range (ATR) for GlobalFoundries Inc is set at 1.69, with the Price to Sales ratio for GFS stock in the period of the last 12 months amounting to 3.29. The Price to Book ratio for the last quarter was 1.92, with the Price to Cash per share for the same quarter was set at 6.25. Price to Free Cash Flow for GFS in the course of the last twelve months was 17.78 with Quick ratio for the last quarter at 1.76.
Trading performance analysis for GFS stock
GlobalFoundries Inc [GFS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. With this latest performance, GFS shares dropped by -2.10% in over the last four-week period, additionally sinking by -8.22% over the last 6 months – not to mention a drop of -26.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GFS stock in for the last two-week period is set at 44.64, with the RSI for the last a single of trading hit 46.56, and the three-weeks RSI is set at 44.86 for GlobalFoundries Inc [GFS]. The present Moving Average for the last 50 days of trading for this stock 42.46, while it was recorded at 39.09 for the last single week of trading, and 45.20 for the last 200 days.
GlobalFoundries Inc [GFS]: A deeper dive into fundamental analysis
GlobalFoundries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.76 and a Current Ratio set at 2.42.
GlobalFoundries Inc [GFS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GFS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GlobalFoundries Inc go to 29.78%.
An analysis of Institutional ownership at GlobalFoundries Inc [GFS]
The top three institutional holders of GFS stocks are: MUBADALA INVESTMENT CO PJSC with ownership of 469.5 million shares, which is approximately 84.595%. FMR LLC, holding 48.22 million shares of the stock with an approximate value of $$2.44 billion in GFS stocks shares; and FMR LLC, currently with $$855.22 million in GFS stock with ownership which is approximately 3.0477%.
