What Do You Need to Know About GlobalFoundries (GFS) Before Investing?

By Ken Smith • Wednesday, November 09 09:40 • Permanent Link

Large-cap Technology company GlobalFoundries has moved -2.3% so far today on a volume of 213,231, compared to its average of 1,881,801. In contrast, the S&P 500 index moved -0.9%

GlobalFoundries trades -13.79% away from its average analyst target price of $69.26 per share. The 16 analysts following the stock have set target prices ranging from $31.2 to $100, and on average have given GlobalFoundries a rating of buy.

Below are some factors that could be affecting the stocks's performance and analyst recommendation:

GlobalFoundries has moved 5.9% over the last year, and the S&P 500 logged a change of -17.6%
Based on its trailing earning per share of 0.95, GlobalFoundries has a trailing 12 month Price to Earnings (P/E) ratio of 62.9 while the S&P 500 average is 15.97
GFS has a forward P/E ratio is 25.3 based on its forward 12 month price to earnings (Eps) is $2.36 per share
Its Price to Book (P/B) ratio is 3.7 compared to its sector average of 5.57

GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. Based in Malta, the company has 14,600 full time employees and a market cap of $32,251,879,424.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.