The stock of GlobalFoundries Inc (NASDAQ:GFS) last traded at $43.55, up 8.60% from the previous session.
GFS stock price is now 2.54% away from the 50-day moving average and -3.60% away from the 200-day moving average. The market capitalization of the company currently stands at $24.19B.
With the price target maintained at $50, Needham recently Upgraded its rating from Hold to Buy for GlobalFoundries Inc (NASDAQ: GFS). On November 20, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $47, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, EDELMAN MARTIN L, Director bought 4,866 shares of the company’s stock on Oct 02 ’24. The stock was bought for $188,606 at an average price of $38.76. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Director EDELMAN MARTIN L bought 1,823 shares of the business’s stock. A total of $80,814 was incurred on buying the stock at an average price of $44.33. A total of 81.09% of the company’s stock is owned by insiders.
During the past 12 months, GlobalFoundries Inc has had a low of $35.85 and a high of $61.98. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 2.11, and a quick ratio of 1.57. The fifty day moving average price for GFS is $42.4592 and a two-hundred day moving average price translates $45.1971 for the stock.
The latest earnings results from GlobalFoundries Inc (NASDAQ: GFS) was released for 2024-09-30. The net profit margin was -3.93% and return on equity was -2.42% for GFS. The company reported revenue of $1.74 billion for the quarter, compared to $1.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.1 percent.
