Ferroglobe PLC (NASDAQ:GSM) saw an upside of 0.91% to $5.01 after adding $0.04 on Wednesday. The 5-day average trading volume is 864,311 shares of the company’s common stock. It has gained $5.46 in the past week and touched a new high 3 times within the past 5 days. An average of 874,463 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 894,283.
GSM’s 1-month performance is 3.19% or $0.19 on its low of $4.69 reached on 07/11/23. The company’s shares have touched a 52-week low of $3.64 and high of $7.69, with the stock’s rally to the 52-week high happening on 03/03/23. YTD, GSM has achieved 30.26% or $1.16 and has reached a new high 12 times. However, the current price is down -34.79% from the 52-week high price.
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Valuation Metrics
GSM stock has a beta of 2.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 1.43, with the price to cash flow ratio at 2.31.
Ferroglobe PLC’s quick ratio for the period ended March 30 was 1.10, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.50, while the total debt to equity was 0.69. In terms of profitability, the gross margin trailing 12 months is 48.50%. The trailing 12-month EBITDA margin is 25.09% while for the period ending March 30, Ferroglobe PLC’s operating margin was 21.60%. The firm’s gross profit as reported stood at $1.31 billion against revenue of $2.6 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Ferroglobe PLC’s cash and short-term investments amounted to $6.1 million against total debt of $458.82 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 125.12% to $440.31 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected GSM to announce $0.04 per share in earnings in its latest quarter, but it posted $0.05, representing a 25.00% surprise. EBITDA for the quarter stood at more than $62.44 million. GSM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.25 billion, with total debt at $458.82 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 08 August was 47.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.88%.
The stock’s 5-day moving average is $5.03, reflecting a -0.60% or -$0.03 change from its current price. GSM is currently trading +2.24% above its 20-day SMA, +15.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.70% and SMA200 by-2.53%.
Stochastic %K and %D was 31.19% and 34.77% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 49.40%, while the 14-day stochastic is at 31.82% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ferroglobe PLC (NASDAQ: GSM), B. Riley Securities launched coverage with a Buy rating. Analysts offering their rating for GSM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GSM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $11.00 and a high of $14.00, with their median price target at $12.50. Looking at these predictions, the average price target given by analysts is for Ferroglobe PLC (GSM) stock is $12.50.
