Ferroglobe Plc (NASDAQ: GSM) has a higher price-to-earnings ratio of 11.93x compared to its average ratio. GSM has 36-month beta value of 1.84. 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 111.51M, and currently, short sellers hold a 2.30% ratio of that float. The average trading volume of GSM on September 19, 2024 was 1.17M shares.
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GSM) stock’s latest price update
The stock of Ferroglobe Plc (NASDAQ: GSM) has increased by 0.48 when compared to last closing price of 4.18.Despite this, the company has seen a loss of -1.18% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that Ferroglobe reported positive Q2 results with signs of price stabilization and volume improvement, narrowing EBITDA outlook for FY24. Despite the slight beat in figures, management expects a weak Q4, partly due to steel production weakness in Europe. Valuation remains weak but potential 40-60% upside if silicon and FeSi prices have stabilized, with conservative 5-year buyback approved for up to 20% of shares.
GSM’s Market Performance
Ferroglobe Plc (GSM) has seen a -1.18% fall in stock performance for the week, with a -7.89% decline in the past month and a -18.76% plunge in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 3.30% for GSM. The simple moving average for the past 20 days is -2.25% for GSM’s stock, with a -20.85% 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 -13.43% 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 -38.05% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares sank -5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.57% lower at present.
During the last 5 trading sessions, GSM fell by -1.18%, which changed the moving average for the period of 200-days by -27.46% in comparison to the 20-day moving average, which settled at $4.28. In addition, Ferroglobe Plc saw -35.48% 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:
- 0.07 for the present operating margin
- 0.26 for the gross margin
The net margin for Ferroglobe Plc stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 7.92, with 3.82 for asset returns.
Based on Ferroglobe Plc (GSM), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 4.21. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 3.84.
Currently, EBITDA for the company is 295.76 million with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 5.3for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
To put it simply, Ferroglobe Plc (GSM) has had a bad 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
