Ferroglobe Plc (NASDAQ: GSM) is -22.80% lower on its value in year-to-date trading and has touched a low of $2.97 and a high of $5.82 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 $4.43 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $4.57, the stock is 9.80% and 14.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.75 million and changing 3.16% at the moment leaves the stock 14.99% off its SMA200. GSM registered 20.26% gain for a year compared to 6-month loss of 12.01%. The firm has a 50-day simple moving average (SMA 50) of $3.9514 and a 200-day simple moving average (SMA200) of $3.97465.
The stock witnessed a 18.39% gain in the last 1 month and extending the period to 3 months gives it a 32.85%, and is 4.58% 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 3.76% over the week and 4.47% over the month.
Ferroglobe Plc (GSM) has around 3283 employees, a market worth around $852.88M and $1.56B in sales. Fwd P/E is 7.68. Profit margin for the company is -3.80%. Distance from 52-week low is 53.87% and -21.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.79%).
with sales reaching $398M over the same period.The EPS is expected to shrink by -60.71% this year, but quarterly earnings will post -3.68% year-over-year. Quarterly sales are estimated to shrink -11.76% in year-over-year returns.
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.
Ferroglobe Plc (GSM) Insider Activity
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