GlobalFoundries Inc (NASDAQ: GFS) on Tuesday, plunged -1.43% from the previous trading day, before settling in for the closing price of $42.70. Within the past 52 weeks, GFS’s price has moved between $35.85 and $62.61.
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Annual sales at Technology sector company grew by 5.46% over the past five years. The company achieved an average annual earnings per share of -31.48%. With a float of $105.12 million, this company’s outstanding shares have now reached $553.55 million.
Let’s look at the performance matrix of the company that is accounted for 12000 employees. In terms of profitability, gross margin is 25.49%, operating margin of 12.19%, and the pretax margin is 12.05%.
GlobalFoundries Inc (GFS) Insider and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of GlobalFoundries Inc is 81.08%, while institutional ownership is 18.60%. The most recent insider transaction that took place on Oct 02 ’24, was worth 188,606. Before that another transaction happened on Aug 07 ’24, when Company’s Director proposed sale 1,823 for $44.33, making the entire transaction worth $80,814.
GlobalFoundries Inc (GFS) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.64 earnings per share (EPS) for the period topping the consensus outlook (set at 0.58) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.48% per share during the next fiscal year.
GlobalFoundries Inc (NASDAQ: GFS) Trading Performance Indicators
GlobalFoundries Inc (GFS) is currently performing well based on its current performance indicators. A quick ratio of 1.76 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.45. Likewise, its price to free cash flow for the trailing twelve months is 18.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.33, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 1.76 in one year’s time.
Technical Analysis of GlobalFoundries Inc (GFS)
GlobalFoundries Inc (NASDAQ: GFS) saw its 5-day average volume 3.53 million, a positive change from its year-to-date volume of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 62.65%. Additionally, its Average True Range was 2.12.
During the past 100 days, GlobalFoundries Inc’s (GFS) raw stochastic average was set at 23.88%, which indicates a significant decrease from 55.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.85% in the past 14 days, which was higher than the 51.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.19, while its 200-day Moving Average is $48.09. Nevertheless, the first resistance level for the watch stands at $42.54 in the near term. At $43.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.56. If the price goes on to break the first support level at $41.52, it is likely to go to the next support level at $40.96. The third support level lies at $40.50 if the price breaches the second support level.
GlobalFoundries Inc (NASDAQ: GFS) Key Stats
Market capitalization of the company is 23.38 billion based on 551,765K outstanding shares. Right now, sales total 7,392 M and income totals 1,020 M. The company made 1,739 M in profit during its latest quarter, and 177,000 K in sales during its previous quarter.
