Ferroglobe Plc (NASDAQ:GSM) does about 1.16M shares in volume on a normal day but saw 1049387 shares change hands in the recent trading day. The company now has a market cap of 684.92M USD. Its current market price is $3.67, marking an increase of 1.66% compared to the previous close of $3.61. The 52 week high reached by this stock is $6.11 whilst the lowest price level in 52 weeks is $2.97.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential upside of 54.12% over the period.
Seaport Research Partners initiated its price target at $16.
The current price level is -2.32%, 1.37%, and -8.62% away from its SMA20, SMA50, and SMA200 respectively, with the GSM price moving above the 50-day SMA on current market day. Ferroglobe Plc (GSM) stock is down -5.66% over the week and 3.67% over the past month. Its price is -3.42% year-to-date and -37.26% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.02 and 0.28 for whole year. Expected sales for next quarter are $451.7M, which analysts say will come at $1.58B for the current fiscal year and next year at $1.73B. In addition, estimates put the company’s current quarterly revenue at an average of $398M.
To reach the target analysts have set, the stock logically needs to grow 54.12 percent from here.
Outstanding shares total 187.89M with insiders holding 36.61% of the shares and institutional holders owning 54.99% of the company’s common stock. The company has a return on investment of -6.79% and return on equity of -7.29%. The forward price to earnings ratio is 6.17. The beta has a value of 1.60. Price to book ratio is 0.88 and price to sales ratio is 0.44.
