Ferroglobe Plc (NASDAQ: GSM) is -32.57% lower on its value in year-to-date trading and has touched a low of $4.07 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 $4.31 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $4.39, the stock is 3.22% and -5.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 1.86% at the moment leaves the stock -16.45% off its SMA200. GSM registered -13.75% loss for a year compared to 6-month loss of -11.13%. The firm has a 50-day simple moving average (SMA 50) of $4.6376 and a 200-day simple moving average (SMA200) of $5.2458.
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The stock witnessed a 0.23% gain in the last 1 month and extending the period to 3 months gives it a -17.94%, and is 1.86% up 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 3.16% over the week and 3.19% over the month.
Ferroglobe Plc (GSM) has around 3403 employees, a market worth around $824.79M and $1.64B in sales. Current P/E ratio is 12.47 and Fwd P/E is 8.96. Profit margin for the company is 4.11%. Distance from 52-week low is 8.00% and -35.25% 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
The shares outstanding are 188.88M, and float is at 111.51M with Short Float at 2.22%.
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.
