Ferroglobe PLC (NASDAQ:GSM) saw a downside of -0.72% to $7.59 after subtracting -$0.06 on Tuesday. The 5-day average trading volume is 2,093,437 shares of the company’s common stock. It has gained $8.37 in the past week. An average of 3,235,674 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,550,772.
GSM’s 1-month performance is -10.94% or -$1.04 on its low of $7.06 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.59 and high of $11.25, with the stock’s rally to the 52-week high happening on 09/02/21. YTD, GSM has achieved 366.46% or $5.91. However, the current price is down -32.49%% from the 52-week high price.
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Ferroglobe PLC (GSM) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.51 for the sector. The company’s PE ratio for the last five years has touched a high of 47.32 and a low of 2.333. GSM stock has a beta of 2.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.04 while the price-to-book (PB) in the most recent quarter is 4.32, with the price to cash flow ratio at 26.58.
Ferroglobe PLC’s quick ratio for the period ended December 30 was 0.90, with the current ratio over the same period at 1.40 meaning that GSM stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending December 30 was 1.35, while the total debt to equity was 1.70. In terms of profitability, the gross margin trailing 12 months is 29.80%. The trailing 12-month EBITDA margin is -3.31% while for the period ending December 30; Ferroglobe PLC’s operating margin was -12.20%. The firm’s gross profit as reported stood at $308.95 million against revenue of $1.14 billion.
For the quarterly period ending December 30 this year, Ferroglobe PLC’s cash and short-term investments amounted to $12.07 million against total debt of $569.85 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GSM to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.32, representing a -45.50% surprise. EBITDA for the quarter stood at more than $6.66 million. GSM stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 1.13 billion, with total debt at $569.85 million
Let’s look briefly at Ferroglobe PLC (GSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 37.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.86%.
The stock’s 5-day moving average is $7.83, reflecting a -12.62% or -$1.09 change from its current price. GSM is currently trading -17.49% above its 20-day SMA, +63.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +30.85% and +390.26% respectively.
Stochastic %K and %D was 8.74% and 19.72% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 43.74%, while the 14-day stochastic is at 0.83% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at -0.67 and -0.79 on the 14-day charts.
In the most recent analyst report for Ferroglobe PLC (NASDAQ: GSM), Stifel downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for GSM stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate GSM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is GSM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.90 and a high of $1.25, with their median price target at $1.08. Looking at these predictions, the average price target given by analysts is for Ferroglobe PLC (GSM) stock is $1.08.