Ferroglobe Plc (NASDAQ: GSM) is -20.45% lower on its value in year-to-date trading and has touched a low of $2.97 and a high of $6.11 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 $4.51 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $4.55, the stock is 14.11% and 17.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing 0.89% at the moment leaves the stock 14.50% off its SMA200. GSM registered 19.74% gain for a year compared to 6-month gain of 15.19%. The firm has a 50-day simple moving average (SMA 50) of $3.8604 and a 200-day simple moving average (SMA200) of $3.97385.
The stock witnessed a 13.47% loss in the last 1 month and extending the period to 3 months gives it a 36.64%, and is 4.36% 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 3.70% over the week and 4.17% over the month.
Ferroglobe Plc (GSM) has around 3283 employees, a market worth around $849.15M and $1.56B in sales. Fwd P/E is 7.65. Profit margin for the company is -3.80%. Distance from 52-week low is 53.20% and -25.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.79%).
The EPS is expected to shrink by -60.71% this year.
Ferroglobe Plc (GSM) Top Institutional Holders
132.0 institutions hold shares in Ferroglobe Plc (GSM), with institutional investors hold 86.71% of the company’s shares. The shares outstanding are 187.89M, and float is at 118.46M with Short Float at 7.21%. Institutions hold 54.97% of the Float.
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 7.4295% 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 4.8119 of the shares outstanding. The other top investors are BARROW HANLEY MEWHINNEY & STRAUSS LLC which holds 7.62 million shares representing 4.026% and valued at over $40.85 million, while MORGAN STANLEY holds 3.531 of the shares totaling 6.68 million with a market value of $35.83 million.
