As of Wednesday close, GLOBALFOUNDRIES Inc.’s (NASDAQ:GFS) stock was down -$1.22, moving down -2.13 percent to $55.95. The average number of shares traded per day over the past five days has been 1,264,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.26 fall in that time frame. In the last twenty days, the average volume was 1,881,975, while in the previous 50 days, it was 1,546,184.
Since last month, GFS stock retreated -17.05%. Shares of the company fell to $55.65 on 08/08/23, the lowest level in the past month. A 52-week high of $72.50 was reached on 02/14/23 after having rallying from a 52-week low of $46.52. Since the beginning of this year, GFS’s stock price has risen by 3.82% or $2.06, and marked a new high 12 times. However, the stock has declined by -22.83% since its 52-week high.
Valuation Metrics
Right now, GLOBALFOUNDRIES Inc. (GFS) has a P/E ratio of about 21.03. The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 4.04, the price-to-book (PB) ratio of 3.00.
Financial Health
In the three months ended June 29, GLOBALFOUNDRIES Inc.’s quick ratio stood at 1.50, while its current ratio was 1.90, 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 June 29 was 0.26, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 29.00% percent. In the year ended June 29, EBITDA margin amounted to 35.57%, whereas operating margins totaled 20.00%. Based on annual data, GFS earned $2.24 billion in gross profit and brought in $8.11 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.60%. Return on equity (ROE) for the past 12 months was 15.30%.
In GLOBALFOUNDRIES Inc.’s quarter-end financial report for June 29, it reported total debt of $1.47 billion against cash and short-term investments of $622.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GFS’s revenue rose 18.78% during the quarter, while net income inched up to $8.11 billion. While analysts expected GLOBALFOUNDRIES Inc. to report $0.49 quarterly earnings, the actual figure was $0.53 per share, beating the consensus estimate by 8.20%. During the quarter, the company generated $608.0 million in EBITDA. The liabilities of GLOBALFOUNDRIES Inc. were 7.24 billion at the end of its most recent quarter ended June 29, and its total debt was $2.78 billion.
Technical Picture
This quick technical analysis looks at GLOBALFOUNDRIES Inc.’s (GFS) price momentum. With a historical volatility rate of 26.03%, the RSI 9-day stood at 29.77% on 16 August.
With respect to its five-day moving average, the current GLOBALFOUNDRIES Inc. price is down by -5.51% percent or -$3.26. At present, GFS shares trade -16.15% below its 20-day simple moving average and -19.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.20% below its SMA50 and +0.50% above its SMA200.
Stochastic coefficient K was 17.72% and Stochastic coefficient D was 21.78%, while ATR was 2.01. Given the Stochastic reading of 3.66% for the 14-day period, the RSI (14) reading has been calculated as 34.49%. As of today, the MACD Oscillator reading stands at -1.11, while the 14-day reading stands at -2.37.
Analyst Ratings
GLOBALFOUNDRIES Inc. (GFS) has been rated Overweight by analysts. According to 0 brokerage firms, GFS is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate GLOBALFOUNDRIES Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $72.10, the current consensus forecast for the stock is $55.91 – $100.00. Based on these forecasts, analysts predict GLOBALFOUNDRIES Inc. (GFS) will achieve an average price target of $73.00.
