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Saturday, June 3, 2023

Insights Into GLOBALFOUNDRIES Inc. (GFS) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for GLOBALFOUNDRIES Inc. (GFS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $59.43. The GLOBALFOUNDRIES Inc. has recorded 10,928 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that GlobalFoundries Files Lawsuit Against IBM to Protect its Intellectual Property and Trade Secrets.

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Stocks Info

GLOBALFOUNDRIES Inc. is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $59.43 and fluctuated between $60.21 as its day high and $59.03 as its day low. The current market capitalization of GLOBALFOUNDRIES Inc. is $32.12B. A total of 1.38 million shares were traded on the day, compared to an average of 1.50M shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GFS in the last 3 months, the mean price target is $79.71 with high estimates of $100.00 and low estimates of $51.00. In terms of 52-week highs and lows, GFS has a high of $72.50 and a low of $36.81.

As of this writing, GFS has an earnings estimate of $0.49 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.4. The company reported an EPS of $0.67 in the last quarter, which was 8.10% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GFS’s latest balance sheet shows that the firm has $2.94B in Cash & Short Term Investments as of fiscal 2021. There were $2.01B in debt and $3.16B in liabilities at the time. Its Book Value Per Share was $18.10, while its Total Shareholder’s Equity was $8.03B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GFS is Underweight with a score of 4.75. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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