Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. GlobalFoundries Inc’s current trading price is -38.84% away from its 52-week high, while its distance from the 52-week low is 5.75%. The stock’s price range during this period has varied between $35.85 and $61.98. The company, active in the Technology sector, saw a trading volume of around 1.0 million for the day, considerably lower average daily volume of 2.21 million observed over the last three months.
GlobalFoundries Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $61.98 on 07/17/24, and the lowest price during the same period was recorded at $35.85 on 11/04/24.
How Financial Performance Impacts Market Capitalization
GlobalFoundries Inc (GFS) has experienced a quarterly decline of -13.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 20.96B and boasts a workforce of 13000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.57, with a change in price of -0.28. Similarly, GlobalFoundries Inc recorded 2,120,709 in trading volume during the last 100 days, posting a change of -0.75%.
How GFS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GFS stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.14.
GFS Stock Stochastic Average
As of today, the raw stochastic average of GlobalFoundries Inc over the past 50 days is 14.23%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 29.09%. Additionally, the Stochastic %K and %D values for the company were 41.49% and 47.08%, respectively, over the past 20 days.
GFS Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -11.65%.However, over the last six months, we can see a stronger performance of -2.89%. Over the last 30 days, the price of GFS has leaped by -6.65%. And in the last five days, it has fallen by -0.58%.
