Ferroglobe Plc (NASDAQ: GSM) is -28.11% 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 $4.26 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $4.68, the stock is 6.42% and 7.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 9.86% at the moment leaves the stock -5.93% off its SMA200. GSM registered 3.31% gain for a year compared to 6-month loss of -12.69%. The firm has a 50-day simple moving average (SMA 50) of $4.3646 and a 200-day simple moving average (SMA200) of $4.9802.
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The stock witnessed a 6.61% gain in the last 1 month and extending the period to 3 months gives it a 5.88%, and is 10.90% 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 3.60% over the week and 3.21% over the month.
Ferroglobe Plc (GSM) has around 3403 employees, a market worth around $879.30M and $1.64B in sales. Current P/E ratio is 13.30 and Fwd P/E is 9.55. Profit margin for the company is 4.11%. Distance from 52-week low is 15.13% and -30.97% from its 52-week high. The company has generated returns on investments over the last 12 months (7.12%).
Ferroglobe Plc quarterly earnings per share for the current quarter are estimated at 0.16 with sales reaching $443.4M over the same period.The EPS is expected to shrink by -49.30% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
The shares outstanding are 188.88M, and float is at 119.26M with Short Float at 1.70%.
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.
