Are we looking at the next big move in Ferroglobe Plc (GSM)?

Ferroglobe Plc (NASDAQ: GSM) is -36.56% lower on its value in year-to-date trading and has touched a low of $4.11 and a high of $6.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GSM stock was last observed hovering at around $4.19 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $4.13, the stock is -6.28% and -17.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -1.43% at the moment leaves the stock -22.55% off its SMA200. GSM registered -22.80% loss for a year compared to 6-month gain of -4.18%.

The stock witnessed a -10.41% loss in the last 1 month and extending the period to 3 months gives it a -28.30%, and is -3.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 3.16% over the month.

Ferroglobe Plc (GSM) has around 3403 employees, a market worth around $775.94M and $1.64B in sales. Current P/E ratio is 11.73 and Fwd P/E is 8.43. Profit margin for the company is 4.11%. Distance from 52-week low is 0.49% and -39.09% from its 52-week high. The company has generated returns on investments over the last 12 months (7.12%).

The EPS is expected to shrink by -49.30% this year.

Ferroglobe Plc (GSM) Top Institutional Holders

The shares outstanding are 188.88M, and float is at 111.51M with Short Float at 2.73%.

The top institutional shareholder in the company is COOPER CREEK PARTNERS MANAGEMENT LLC with over 14.06 million shares valued at $75.38 million. The investor’s holdings represent 7.4837% of the GSM Shares outstanding. As of 2024-06-30, the second largest holder is HOSKING PARTNERS LLP with 9.11 million shares valued at $48.82 million to account for 4.8471 of the shares outstanding. The other top investors are BARROW HANLEY MEWHINNEY & STRAUSS LLC which holds 7.62 million shares representing 4.0554% and valued at over $40.85 million, while MORGAN STANLEY holds 3.5567 of the shares totaling 6.68 million with a market value of $35.83 million.