The stock of Ferroglobe PLC (NASDAQ:GSM) increased by $0.12 on Wednesday to $5.43, up 2.35 percent. The last five days have seen an average of 751,904 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $1.61. The average number of shares traded over the last 20 days was 774,551, while the average volume over the last 50 days totaled 1,011,540.
GSM stock dropped -4.31% since last month. On 09/18/23, the company’s shares reached a one-month low of $5.17. The stock touched a high of $6.38 on 08/22/23, after rallying from a low of $3.64 in 52 weeks. The price of GSM stock has risen by 41.17% or $1.61 this year, reaching a new high 17 times. Still, the stock price is down -14.81% from the 52-week high.
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Valuation Metrics
Ferroglobe PLC (GSM) has a trailing price-to-earnings (P/E) ratio of 6.56. Beta for the stock is 2.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.24, and the price-to-cash flow ratio of 4.04.
Company paid $0.06 per share in dividends, remained unchanged from $0.06 last year.
Financial Health
For the three months ended June 29, Ferroglobe PLC’s quick ratio was 1.80, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.40, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is 44.20% percent. Ferroglobe PLC’s EBITDA margin for the year ended June 29 was 25.09%, whereas its operating margin stood at 15.30% for the same period. Based on annual data, it had gross profit of $1.31 billion and revenue of $2.6 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GSM’s return on assets (ROA) during the last 12 months has been 8.30%. There was a 46.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.30%.
Earnings Surprise
According to Ferroglobe PLC’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.6 billion, while revenues rose by 31.53% to $0.0. It was predicted that Ferroglobe PLC’s quarterly earnings would be $0.3, but it ended up being $0.11, beating the consensus by 172.70%. EBITDA was $79.3 million for the quarter. At the end of Ferroglobe PLC’s most recent quarter ended June 29, its liabilities totaled 1.03 billion, while its total debt was $492.63 million.
Technical Picture
Here’s a quick look at Ferroglobe PLC’s (GSM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 54.09%, suggesting the stock is Neutral, with a 39.27% historical volatility rate.
The stochastic %K and %D were 28.40% and 31.64% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 53.70%, the RSI (14) reading is 53.73%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.06.
Analyst Ratings
In its analyst report released on September 14, 2022, B. Riley Securities began covering Ferroglobe PLC (NASDAQ: GSM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Ferroglobe PLC (GSM) an Buy rating. GSM is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is GSM’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $12.00, with a median target price of $11.50. In analyzing these forecasts, the average price target given by analysts for Ferroglobe PLC (GSM) is $11.50.
