With 2.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.93 million shares. The 52-week range on GFS shows that it touched its highest point at $61.98 and its lowest point at $35.85 during that stretch. It currently has a 1-year price target of $48.33. Beta for the stock currently stands at 1.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GFS was down-trending over the past week, with a drop of -3.80%, but this was down by -0.36% over a month. Three-month performance dropped to -2.03% while six-month performance fell -9.86%. The stock lost -22.23% in the past year, while it has lost -3.24% so far this year. A look at the trailing 12-month EPS for GFS yields -0.48 with Next year EPS estimates of 2.42. For the next quarter, that number is 0.29. This implies an EPS growth rate of 9.12% for this year and 42.26% for next year. EPS is expected to grow by 26.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.83%.
Float and Shares Shorts:
At present, 555.50 million GFS shares are outstanding with a float of 105.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFS since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.56992 being high and $1.42354 being low. For GFS, this leads to a yearly average estimate of $1.54992. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.29. The average estimate for the next quarter is thus $0.36.
