Globalfoundries Stock Price on March 6, 2024
| GFS Stock | USD 51.02 4.19 7.59% |
If you're considering investing in Globalfoundries Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globalfoundries stands at 51.02, as last reported on the 23rd of May, with the highest price reaching 55.68 and the lowest price hitting 51.02 during the day. Globalfoundries holds Efficiency (Sharpe) Ratio of -0.0158, which attests that the entity had a -0.0158% return per unit of risk over the last 3 months. Globalfoundries exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globalfoundries' Risk Adjusted Performance of 0.0186, downside deviation of 2.1, and Market Risk Adjusted Performance of 0.0316 to validate the risk estimate we provide.
Stock Based Compensation is likely to gain to about 157.5 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 553.8 M in 2024. . At this time, Globalfoundries' Price To Sales Ratio is comparatively stable compared to the past year. Price Earnings Ratio is likely to gain to 34.44 in 2024, whereas Price To Operating Cash Flows Ratio is likely to drop 14.95 in 2024. Globalfoundries Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Globalfoundries |
Sharpe Ratio = -0.0158
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Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Globalfoundries is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Globalfoundries by adding Globalfoundries to a well-diversified portfolio.
Price Book 2.4616 | Enterprise Value Ebitda 9.9153 | Price Sales 3.6955 | Shares Float 84.2 M | Wall Street Target Price 61.79 |
Globalfoundries Valuation on March 6, 2024
It is possible to determine the worth of Globalfoundries on a given historical date. On March 6, 2024 Globalfoundries was worth 52.84 at the beginning of the trading date compared to the closed value of 52.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globalfoundries stock. Still, in general, we apply an absolute valuation method to find Globalfoundries' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Globalfoundries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globalfoundries' related companies.
| Open | High | Low | Close | Volume | |
| 53.08 | 54.01 | 51.96 | 52.53 | 1,997,053 | |
03/06/2024 | 52.84 | 53.33 | 52.29 | 52.57 | 1,333,773 |
| 53.35 | 55.10 | 53.30 | 53.80 | 1,425,239 |
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Globalfoundries Trading Date Momentum on March 6, 2024
| On March 07 2024 Globalfoundries was traded for 53.80 at the closing time. Highest Globalfoundries's price during the trading hours was 55.10 and the lowest price during the day was 53.30 . The net volume was 1.4 M. The overall trading history on the 7th of March contributed to the next trading period price appreciation. The overall trading delta to the next next day price was 2.34% . The overall trading delta to current price is 1.08% . |
Globalfoundries Fundamentals Correlations and Trends
By evaluating Globalfoundries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Globalfoundries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globalfoundries financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globalfoundries Stock history
Globalfoundries investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Globalfoundries is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globalfoundries will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Globalfoundries stock prices may prove useful in developing a viable investing in Globalfoundries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 556 M | 553.8 M | |
| Net Income Applicable To Common Shares | 1.7 B | 1.7 B |
Globalfoundries Quarterly Net Working Capital |
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Globalfoundries Stock Technical Analysis
Globalfoundries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Globalfoundries Period Price Range
Low | March 6, 2024
| High |
52.84 | 52.57 |
Globalfoundries May 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Globalfoundries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globalfoundries shares will generate the highest return on investment. By undertsting and applying Globalfoundries stock market strength indicators, traders can identify Globalfoundries entry and exit signals to maximize returns
| Accumulation Distribution | 26010.2 | |||
| Daily Balance Of Power | (0.26) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 52.81 | |||
| Day Typical Price | 52.73 | |||
| Price Action Indicator | (0.37) | |||
| Period Momentum Indicator | (1.55) |
Globalfoundries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globalfoundries' price direction in advance. Along with the technical and fundamental analysis of Globalfoundries Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globalfoundries to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0216 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Globalfoundries Stock please use our How to Invest in Globalfoundries guide.Note that the Globalfoundries information on this page should be used as a complementary analysis to other Globalfoundries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Globalfoundries Stock analysis
When running Globalfoundries' price analysis, check to measure Globalfoundries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.
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Is Globalfoundries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globalfoundries. If investors know Globalfoundries will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globalfoundries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 1.61 | Revenue Per Share 12.833 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0363 |
The market value of Globalfoundries is measured differently than its book value, which is the value of Globalfoundries that is recorded on the company's balance sheet. Investors also form their own opinion of Globalfoundries' value that differs from its market value or its book value, called intrinsic value, which is Globalfoundries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globalfoundries' market value can be influenced by many factors that don't directly affect Globalfoundries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globalfoundries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Globalfoundries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globalfoundries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.