How Analysts Feel About GLOBALFOUNDRIES Inc. (GFS)?

As of Wednesday close, GLOBALFOUNDRIES Inc.’s (NASDAQ:GFS) stock was down -$0.63, moving down -1.39 percent to $44.81. The average number of shares traded per day over the past five days has been 2,109,300 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.58 fall in that time frame. In the last twenty days, the average volume was 2,075,655, while in the previous 50 days, it was 2,044,170.

Since last month, GFS stock retreated -18.53%. Shares of the company fell to $43.80 on 06/22/22, the lowest level in the past month. Since the beginning of this year, GFS’s stock price has dropped by -31.03% or -$20.16, and marked a new high 7 times. However, the stock has declined by -43.63% since its 52-week high.


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Financial Health

In the three months ended March 30, GLOBALFOUNDRIES Inc.’s quick ratio stood at 1.30, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.22, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 19.50% percent. Based on annual data, GFS earned $1.01 billion in gross profit and brought in $6.59 billion in revenue.

In GLOBALFOUNDRIES Inc.’s quarter-end financial report for March 30, it reported total debt of $1.45 billion. While analysts expected GLOBALFOUNDRIES Inc. to report $0.23 quarterly earnings, the actual figure was $0.42 per share, beating the consensus estimate by 82.60%. During the quarter, the company generated $625.0 million in EBITDA. The liabilities of GLOBALFOUNDRIES Inc. were 7.56 billion at the end of its most recent quarter ended March 30, and its total debt was $2.45 billion. The value of shareholders’ equity is $531.85 million.

Technical Picture

This quick technical analysis looks at GLOBALFOUNDRIES Inc.’s (GFS) price momentum. With a historical volatility rate of 53.56%, the RSI 9-day stood at 26.38% on 22 June.

With respect to its five-day moving average, the current GLOBALFOUNDRIES Inc. price is down by -5.44% percent or -$2.58. At present, GFS shares trade -17.84% below its 20-day simple moving average and +0.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.16% below its SMA50.

Stochastic coefficient K was 3.89% and Stochastic coefficient D was 2.63%, while ATR was 2.94. Given the Stochastic reading of 5.98% for the 14-day period, the RSI (14) reading has been calculated as 32.00%. As of today, the MACD Oscillator reading stands at -2.83, while the 14-day reading stands at -6.22.

Analyst Ratings

Morgan Stanley upgraded its rating on GLOBALFOUNDRIES Inc. (NASDAQ: GFS) to an Overweight in a note to investors on March 03, 2022. The analysts firm previously had an Equal-weight rating on the stock.GLOBALFOUNDRIES Inc. (GFS) has been rated Overweight by analysts. According to 1 brokerage firm, GFS is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate GLOBALFOUNDRIES Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $75.00, the current consensus forecast for the stock is $31.20 – $100.00. Based on these forecasts, analysts predict GLOBALFOUNDRIES Inc. (GFS) will achieve an average price target of $71.95.

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