The stock of Ferroglobe Plc (NASDAQ: GSM) has increased by 6.38 when compared to last closing price of 5.25. Despite this, the company has experienced a 9.51% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-12 that Ferroglobe (GSM) joins forces with Coreshell to develop the lowest cost, longest range EV batteries by replacing graphite and silane-based silicon with metallurgical silicon for the first time.
Is It Worth Investing in Ferroglobe Plc (NASDAQ: GSM) Right Now?
Ferroglobe Plc (NASDAQ: GSM) has a higher price-to-earnings ratio of 12.18x compared to its average ratio. GSM has 36-month beta value of 2.01. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GSM is 112.10M, and currently, short sellers hold a 0.92% ratio of that float. The average trading volume of GSM on April 10, 2024 was 1.58M shares.
GSM’s Market Performance
The stock of Ferroglobe Plc (GSM) has seen a 9.51% increase in the past week, with a 29.58% rise in the past month, and a -11.35% fall in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 3.66% for GSM. The simple moving average for the past 20 days is 16.80% for GSM’s stock, with a 7.42% simple moving average for the past 200 days.
Analysts’ Opinion of GSM
Many brokerage firms have already submitted their reports for GSM stocks, with B. Riley Securities repeating the rating for GSM by listing it as a “Buy.” The predicted price for GSM in the upcoming period, according to B. Riley Securities is $12 based on the research report published on September 14, 2022 of the previous year 2022.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see GSM reach a price target of $16. The rating they have provided for GSM stocks is “Buy” according to the report published on February 14th, 2022.
GSM Trading at 15.27% from the 50-Day Moving Average
After a stumble in the market that brought GSM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.63% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +27.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.37% upper at present.
During the last 5 trading sessions, GSM rose by +9.22%, which changed the moving average for the period of 200-days by +11.40% in comparison to the 20-day moving average, which settled at $4.84. In addition, Ferroglobe Plc saw -14.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GSM
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.37 for the gross margin
The net margin for Ferroglobe Plc stands at 0.05. The total capital return value is set at 0.15. Equity return is now at value 11.45, with 4.70 for asset returns.
Based on Ferroglobe Plc (GSM), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 194.77 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 5.02for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
To put it simply, Ferroglobe Plc (GSM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
