Watching Ferroglobe PLC (GSM) For Insider Activity

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BEPC Stock
BEPC Stock

Ferroglobe PLC (NASDAQ:GSM) traded with an addition of $0.01 to close at $3.81 on Friday, an upside of 0.13 percent. An average of 2,008,654 shares of common stock have been traded in the last five days. There was a fall of -$0.10 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,748,629 shares traded, while the 50-day average volume stands at 1,952,101.

GSM stock has decreased by -15.37% in the last month. The company shares reached their 1-month lowest point of $3.64 on 12/16/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $3.64 and a high of $9.81 in 52 weeks. It has reached a new high 11 times so far this year and lost -38.81% or -$2.41 in price. In spite of this, the price is down -61.21% from the 52-week high.

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Valuation Metrics

Ferroglobe PLC (GSM) has a trailing price-to-earnings (P/E) ratio of 1.48. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.26, the price-to-book (PB) ratio at 1.02, and the price-to-cash flow ratio at 2.76.

Financial Health

The quick ratio of Ferroglobe PLC for the three months ended September 29 was 1.10, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.49 and a total debt to equity ratio of 0.61 for the quarter ending September 29. Its gross profit as reported stood at $594.01 million compared to revenue of $1.78 billion.

Earnings Surprise

For the three-month period that ended September 29, Ferroglobe PLC had $7.66 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$110.62 million in the quarter, while revenues were shrunk -122.69%. The analyst consensus anticipated Ferroglobe PLC’s latest quarter earnings to come in at $0.68 per share, but it turned out to be $0.64, a -5.90% surprise. For the quarter, EBITDA amounted to $174.14 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ferroglobe PLC (GSM) price momentum. RSI 9-day as of the close on 29 December was 37.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.44%.

As of today, GSM’s price is $3.81 -2.56% or -$0.10 from its 5-day moving average. GSM is currently trading -17.39% lower than its 20-day SMA and -39.39% lower than its 100-day SMA. However, the stock’s current price level is -26.50% below the SMA50 and -49.67% below the SMA200.

The stochastic %K and %D were 24.86% and 26.57%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 33.33% and the average true range at 0.24, the RSI (14) stands at 35.68%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.

Analyst Ratings

B. Riley Securities launched coverage on Ferroglobe PLC (NASDAQ: GSM) in its analyst report released on September 14, 2022. The firm assigned the stock a Buy rating. The consensus rating for Ferroglobe PLC (GSM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GSM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is GSM’s price target for the next 12 months?

Analysts predict a range of price targets between $10.00 and $14.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Ferroglobe PLC (GSM) stock is $12.00.

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