GlobalFoundries Inc (NASDAQ:GFS) has a beta value of 1.53 and has seen 2.83 million shares traded in the recent trading session. The company, currently valued at $21.86B, closed the recent trade at $39.36 per share which meant it gained $3.35 on the day or 9.30% during that session. The GFS stock price is -59.07% off its 52-week high price of $62.61 and 8.92% above the 52-week low of $35.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.71 million shares traded. The 3-month trading volume is 1.37 million shares.
The consensus among analysts is that GlobalFoundries Inc (GFS) is Buy stock at the moment, with a recommendation rating of 2.16. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.33.
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GlobalFoundries Inc (NASDAQ:GFS) trade information
Sporting 9.30% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GFS stock price touched $39.36 or saw a rise of 6.29%. Year-to-date, GlobalFoundries Inc shares have moved -35.05%, while the 5-day performance has seen it change -3.34%. Over the past 30 days, the shares of GlobalFoundries Inc (NASDAQ:GFS) have changed -0.93%. Short interest in the company has seen 12.36 million shares shorted with days to cover at 9.58.
Wall Street analysts have a consensus price target for the stock at $75, which means that the shares’ value could jump 47.52% from the levels at last check today.. The projected low price target is $43.0 while the price target rests at a high of $85.0. In that case, then, we find that the latest price level in today’s session is -115.96% off the targeted high while a plunge would see the stock gain -9.25% from the levels at last check today..
GlobalFoundries Inc (GFS) estimates and forecasts
Figures show that GlobalFoundries Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -26.10% over the past 6 months, with this year growth rate of -37.05%, compared to -3.50% for the industry. Revenue growth from the last financial year stood is estimated to be -9.10%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.73B for the current quarter. 13 have an estimated revenue figure of 1.8B for the next ending quarter. Year-ago sales stood 1.85B and 1.85B respectively for this quarter and the next, and analysts expect sales will shrink by -6.80% for the current quarter and -9.10% for the next.
Earnings growth for 2024 is a modest -37.99% while over the next 5 years, the company’s earnings are expected to increase by 8.21%.
GFS Dividends
GlobalFoundries Inc is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
GlobalFoundries Inc (NASDAQ:GFS)’s Major holders
The top two institutional holders are MUBADALA INVESTMENT CO PJSC with over 469.5 million shares worth more than $23.74 billion. As of 2024-06-30, MUBADALA INVESTMENT CO PJSC held 84.595% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 48.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.44 billion and represent 8.6874% of shares outstanding.
