At the last check on Friday, Ferroglobe PLC’s (NASDAQ:GSM) stock was down -$0.01, moving down -0.09 percent to $5.59. The average number of shares traded per day over the past five days has been 2,379,804 shares. 4 times new highs have been achieved over the past 5 days, with a $0.76 gain in that time frame. In the last twenty days, the average volume was 1,324,456, while in the previous 50 days, it was 1,037,416.
Since last month, GSM stock rose 14.42%. Shares of the company fell to $4.64 on 08/14/23, the lowest level in the past month. A 52-week high of $7.52 was reached on 08/17/23 after having rallying from a 52-week low of $3.64. Since the beginning of this year, GSM’s stock price has risen by 45.32% or $1.74, and marked a new high 16 times. However, the stock has declined by -25.60% since its 52-week high.
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Valuation Metrics
Right now, Ferroglobe PLC (GSM) has a P/E ratio of about 3.41. The stock’s beta is 2.20. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.60, and the price-to-cash flow ratio of 2.60 may also be considered.
The latest dividend of $0.06 per share was paid out, remained unchanged from last year’s $0.06.
Financial Health
In the three months ended June 29, Ferroglobe PLC’s quick ratio stood at 1.10, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.50, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 48.50% percent. In the year ended June 29, EBITDA margin amounted to 25.09%, whereas operating margins totaled 21.60%. Based on annual data, GSM earned $1.31 billion in gross profit and brought in $2.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 46.90%. Return on equity (ROE) for the past 12 months was 45.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GSM’s revenue rose 31.53% during the quarter, while net income inched up to $2.6 billion. While analysts expected Ferroglobe PLC to report $0.11 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by 172.70%. During the quarter, the company generated $79.3 million in EBITDA. The liabilities of Ferroglobe PLC were 1.03 billion at the end of its most recent quarter ended June 29.
Technical Picture
This quick technical analysis looks at Ferroglobe PLC’s (GSM) price momentum. With a historical volatility rate of 57.06%, the RSI 9-day stood at 69.38% on 17 August.
With respect to its five-day moving average, the current Ferroglobe PLC price is up by +15.63% percent or $0.76. At present, GSM shares trade +10.16% above its 20-day simple moving average and +23.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.87% above its SMA50 and -4.20% below its SMA200.
Stochastic coefficient K was 90.28% and Stochastic coefficient D was 75.54%, while ATR was 0.28. Given the Stochastic reading of 86.70% for the 14-day period, the RSI (14) reading has been calculated as 64.50%. As of today, the MACD Oscillator reading stands at 0.43, while the 14-day reading stands at 0.45.
Analyst Ratings
B. Riley Securities launched its rating on Ferroglobe PLC (NASDAQ: GSM) to a Buy in a note to investors on September 14, 2022. Ferroglobe PLC (GSM) has been rated Buy by analysts. According to 0 brokerage firms, GSM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ferroglobe PLC stock as buy, with 2 recommending it as overweight.
With a median target price of $11.50, the current consensus forecast for the stock is $11.00 – $12.00. Based on these forecasts, analysts predict Ferroglobe PLC (GSM) will achieve an average price target of $11.50.
