In the last trading session, 3,225,767 shares of the Ferroglobe PLC(NASDAQ:GSM) were traded, and its beta was 3.11. Most recently the company’s share price was $3.58, and it changed around $0.27 or 0.08% from the last close, which brings the market valuation of the company to $605.59 Million. GSM currently trades at a discount to its 52-week high of $4.49, offering almost -25.42% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 90.22% since then. We note from Ferroglobe PLC’s average daily trading volume that its 10-day average is 1.61 Million shares, with the 3-month average coming to 3.03 Million.
Ferroglobe PLC stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended GSM as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Ferroglobe PLC is expected to report earnings per share of $0 for the current quarter.
Ferroglobe PLC (NASDAQ:GSM): Trading Information
Instantly GSM has showed a green trend with a performance of 8.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.75- on Monday, Feb 22 increased the stock’s daily price by 4.53%. The company’s shares are currently up 1.18% year-to-date, but still up 0.1049 over the last five days. On the other hand, Ferroglobe PLC (NASDAQ:GSM) is 0.61% up in the 30-day period. We can see from the shorts that 774.31 Million shares have been sold at a short interest cover period of 255.55 day(s).
The consensus price target as assigned by Wall Street analysts is $1.08, which translates to bears needing to reduce their stock price by -69.83% from its current value. Analyst projections state that GSM is forecast to be at a low of $0.9 and a high of $1.25. In order for the stock price to hit the forecast high, the stock would need to surge -65.08% from its current level, while the stock would need to crash -74.86% from its current level to reach the projected low.
Ferroglobe PLC (GSM) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -56.9%. Ferroglobe PLC earnings are expected to decrease by 0% in 2021, but the outlook is positive 20% per year for the next five years.
Ferroglobe PLC (NASDAQ:GSM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 57.79% of Ferroglobe PLC shares, and 21.8% of them are in the hands of institutional investors. The stock currently has a share float of 51.65%. Ferroglobe PLC stock is held by 50 institutions, with Adage Capital Partners GP L.L.C. being the largest institutional investor. By Sep 29, 2020, it held 4.58% of the shares, which is about 7.74 Million shares worth $5.18 Million.
Barrow, Hanley Mewhinney & Strauss, LLC, with 3.28% or 5.54 Million shares worth $3.71 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
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