Ferroglobe Plc (NASDAQ:GSM) price on current trading day, rose 5.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.72.
A look at the stock’s price movement, the level at last check in today’s session was $4.49, moving within a range at $4.51 and $4.76. The beta value (5-Year monthly) was 1.828 while the PE ratio in trailing twelve months stood at 13.39. Turning to its 52-week performance, $6.78 and $4.07 were the 52-week high and 52-week low respectively. Overall, GSM moved 12.00% over the past month.
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Ferroglobe Plc’s market cap currently stands at around $885.85 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-05. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 0.83%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 443.4M for the company’s revenue for the quarter, with a low and high estimate of 427M and 459.8M respectively. The average forecast suggests up to a 6.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.68B, representing a 1.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GSM is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.67, with GSM’s current price about 8.77% and 4.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.60, while 7-day volatility ratio is 6.41% and 4.02% in the 30-day chart. Further, Ferroglobe Plc (GSM) has a beta value of 1.86, and an average true range (ATR) of 0.21.
If we refocus on Ferroglobe Plc (NASDAQ:GSM), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 1.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.88 million shares.
The 40.65% of Ferroglobe Plc’s shares are in the hands of company insiders while institutional holders own 55.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.47 million on 2024-09-13, giving us a short ratio of 2.22. The data shows that as of 2024-09-13 short interest in Ferroglobe Plc (GSM) stood at 222.00000000000003 of shares outstanding, with shares short falling to 3.04 million registered in 2024-08-15. Current price change has pushed the stock -27.57% 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.
