Ferroglobe PLC (NASDAQ:GSM) price on Thursday, August 26, rose 7.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.66.
A look at the stock’s price movement, the close in the last trading session was $6.20, moving within a range at $6.1591 and $6.80. The beta value (5-Year monthly) was 2.98. Turning to its 52-week performance, $6.43 and $0.40 were the 52-week high and 52-week low respectively. Overall, GSM moved 20.43% over the past month.
Ferroglobe PLC’s market cap currently stands at around $1.23 billion, with investors looking forward to this quarter’s earnings report slated for Nov 22, 2021 – Nov 26, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GSM is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend GSM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GSM’s current price about 13.64% and 14.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.62, while 7-day volatility ratio is 6.37% and 6.00% in the 30-day chart. Further, Ferroglobe PLC (GSM) has a beta value of 2.98, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $1.08, forecast between a low of $0.90 and high of $1.25. Looking at the price targets, the low is 86.49% off current price level while to achieve the yearly target high, price needs to move 81.23%. Nonetheless, investors will most likely welcome a 83.78% jump to $1.08 which is the analysts’ median price.
In the market, a comparison of Ferroglobe PLC (GSM) and its peers suggest the former has performed considerably stronger. Data shows GSM’s intraday price has changed 7.42% in last session and 1269.52% over the past year. Comparatively, Corning Incorporated (GLW) has moved -1.54% on the day and only 22.61% in the past 12 months. Moreover, Haynes International Inc. (HAYN) is also down -1.03% in trading on the day while keeping a an uptrend of 89.17% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Ferroglobe PLC (NASDAQ:GSM), historical trading data shows that trading volumes averaged 1.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 169.29 million shares.
The 48.78% of Ferroglobe PLC’s shares are in the hands of company insiders while institutional holders own 28.60% of the company’s shares. Current price change has pushed the stock 306.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GSM stock continues to rise going into the next quarter.