GLOBALFOUNDRIES Inc. (GFS): Find Out What Insiders Are Doing

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GLOBALFOUNDRIES Inc. (NASDAQ:GFS) traded with a subtraction of -$1.94 to $54.35 on Thursday, a downside of -3.45 percent. An average of 1,621,789 shares of common stock have been traded in the last five days. There was a fall of -$4.01 in the past week. The last 20 days have seen an average of 1,888,352 shares traded, while the 50-day average volume stands at 2,294,811.

GFS stock has decreased by -4.66% in the last month. The company shares reached their 1-month lowest point of $54.40 on 09/22/22. Shares of the company touched a low of $36.81 and a high of $79.49 in 52 weeks. It has reached a new high 7 times so far this year and lost -13.36% or -$10.49 in price. In spite of this, the price is down -31.63% from the 52-week high.


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Valuation Metrics

GLOBALFOUNDRIES Inc. (GFS) has a trailing price-to-earnings (P/E) ratio of 60.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.13, the price-to-book (PB) ratio at 3.50, and the price-to-cash flow ratio at 24.67.

Financial Health

The quick ratio of GLOBALFOUNDRIES Inc. for the three months ended March 30 was 1.30, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.25 for the quarter ending March 30. Its gross profit as reported stood at $1.01 billion compared to revenue of $6.59 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, GLOBALFOUNDRIES Inc.’s return on assets was 3.30%.

Earnings Surprise

For the three-month period that ended March 30, GLOBALFOUNDRIES Inc. had $1.45 billion in total debt. The analyst consensus anticipated GLOBALFOUNDRIES Inc.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.42, a 82.60% surprise. For the quarter, EBITDA amounted to $701.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at GLOBALFOUNDRIES Inc. (GFS) price momentum. RSI 9-day as of the close on 21 September was 32.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.53%.

As of today, GFS’s price is $56.62 -6.86% or -$4.01 from its 5-day moving average. GFS is currently trading -9.80% lower than its 20-day SMA and +4.19% higher than its 100-day SMA. However, the stock’s current price level is +30.24% above the SMA50 and -16.08% below the SMA200.

The stochastic %K and %D were 8.10% and 17.27%, respectively, and the average true range (ATR) was 2.57. With the 14-day stochastic at 1.03% and the average true range at 2.76, the RSI (14) stands at 40.79%. The stock has reached -1.60 on the 9-day MACD Oscillator while the 14-day reading was at -2.29.

Analyst Ratings

Morgan Stanley upgraded GLOBALFOUNDRIES Inc. (NASDAQ: GFS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for GLOBALFOUNDRIES Inc. (GFS) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GFS, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

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