Ferroglobe Plc (NASDAQ: GSM) is -41.63% lower on its value in year-to-date trading and has touched a low of $3.72 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 $3.79 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $3.80, the stock is -8.23% and -10.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.74 million and changing 0.26% at the moment leaves the stock -21.79% off its SMA200. GSM registered -43.37% loss for a year compared to 6-month loss of -28.97%. The firm has a 50-day simple moving average (SMA 50) of $4.2778 and a 200-day simple moving average (SMA200) of $4.86185.
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The stock witnessed a -13.44% gain in the last 1 month and extending the period to 3 months gives it a -13.44%, and is -1.04% 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 4.00% over the week and 3.52% over the month.
Ferroglobe Plc (GSM) has around 3403 employees, a market worth around $713.96M and $1.65B in sales. Current P/E ratio is 16.09 and Fwd P/E is 7.84. Profit margin for the company is 2.74%. Distance from 52-week low is 2.15% and -43.95% from its 52-week high. The company has generated returns on investments over the last 12 months (4.58%).
The EPS is expected to shrink by -62.03% this year
The shares outstanding are 187.89M, and float is at 119.26M with Short Float at 1.96%.
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.
