The trading price of Ferroglobe PLC (NASDAQ:GSM) closed higher on Friday, Feb 19, closing at $3.17, 4.42% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.0600 and $3.4000. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 3.11. In examining the 52-week price action we see that the stock hit a 52-week high of $4.49 and a 52-week low of $0.35. Over the past month, the stock has gained 45.18% in value.
On the technical side, indicators suggest GSM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GSM a recommendation rating is 2. Out of them, 2 rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Ferroglobe PLC (GSM) as Underperform, while not any of them advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that GSM’s price is currently 19.09% off the SMA20 and 53.07% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.31, and weekly volatility stands at 9.03%. When measured over the past 30 days, the indicator reaches 15.35%. Ferroglobe PLC (NASDAQ:GSM)’s beta value is currently sitting at 3.11, while the Average True Range indicator is currently displaying 0.36. With analysts defining $0.9-$1.25 as the low and high price targets, we arrive at a consensus price target of $1.08 for the trailing 12-month period. The current price is about -72.81% off the estimated low and -62.24% off the forecast high, based on this estimate. Investors will be thrilled if GSM’s share price rises to $1.08, which is the median consensus price. At that level, GSM’s share price would be -67.37% above current price.
To see how Ferroglobe PLC stock has been performing in comparison to its peers in the industry, here are the numbers: GSM stock’s performance was +4.42% in the latest trading, and +227.72% in the past year, while Ecolab Inc (ECL) has traded -0.82% on the day and positioned +0.86% higher than it was a year ago. Another comparable company Celanese Corp (CE) saw its stock close 2.91% higher in the most recent trading session but was up +24.17% in a year. Furthermore, Israel Chemicals Ltd (ICL) showed an increase of 4.42% on the day while its price kept rising at 227.72% over the past year. Ferroglobe PLC has a P/E ratio of 0, compared to Ecolab Inc’s 62.04 and Celanese Corp’s 7.93. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.
An evaluation of the daily trading volume of Ferroglobe PLC (NASDAQ:GSM) indicates that the 3-month average is 3.03 Million. However, this figure has declined over the past 10 days to an average of 1.61 Million.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently, records show that 169.16 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 57.79% of outstanding shares, whereas institutions hold 21.8%. The stats also highlight that short interest as of January 28, 2021, stood at 774.31 Million shares, resulting in a short ratio of 0.58 at that time. From this, we can conclude that short interest is 0.46% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 496.9 Million. However, since the stock’s price has seen +101.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.