In yesterday’s Wall Street session, Ferroglobe PLC (NASDAQ:GSM) shares traded at $5.62, up 9.34% from the previous session.
2 analysts cover Ferroglobe PLC (NASDAQ:GSM), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $11.00, we find $11.50. Given the previous closing price of $5.14, this indicates a potential upside of 123.74 percent. GSM stock price is now 12.20% away from the 50-day moving average and 19.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $11.50 as their price target over the next twelve months.
With the price target of $12, B. Riley Securities recently initiated with Buy rating for Ferroglobe PLC (NASDAQ: GSM).
A total of 40.88% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GSM stock. A new stake in Ferroglobe PLC shares was purchased by HIGHLAND PEAK CAPITAL, LLC during the first quarter worth $8,775,000. MANATUCK HILL PARTNERS, LLC invested $2,248,000 in shares of GSM during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Ferroglobe PLC valued at approximately $1,756,000. ARENA CAPITAL ADVISORS, LLC- CA acquired a new stake in GSM for approximately $1,265,000. B. RILEY FINANCIAL, INC. purchased a new stake in GSM valued at around $1,124,000 in the second quarter. In total, there are 117 active investors with 43.70% ownership of the company’s stock.
On Wednesday morning Ferroglobe PLC (NASDAQ: GSM) stock kicked off with the opening price of $5.09. During the past 12 months, Ferroglobe PLC has had a low of $3.64 and a high of $7.69. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 1.80, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $1.11B, which is based on a 3.42 price-to-earnings ratio, a 0.17 price-to-earnings-growth ratio, and a beta of 2.24. The fifty day moving average price for GSM is $5.03 and a two-hundred day moving average price translates $4.69 for the stock.
The latest earnings results from Ferroglobe PLC (NASDAQ: GSM) was released for Jun, 2023. According to the Other Industrial Metals & Mining Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.11 by 0.19. This compares to $0.98 EPS in the same period last year. The net profit margin was 13.60% and return on equity was 45.10% for GSM. The company reported revenue of $456.44 million for the quarter, compared to $840.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -45.71 percent. For the current quarter, analysts expect GSM to generate $434.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/20/2018. Investors who held shares on 09/05/2018 were paid a $0.06 dividend.
Ferroglobe PLC(GSM) Company Profile
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. The company also offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal and in pyrotechnics; and nodularizers and inoculants, which are used in the production of iron. In addition, it provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Further, the company operates quartz mines in South Africa, Spain, the United States, and Canada; and low-ash metallurgical coal mines in the United States, as well as holds interests in hydroelectric power plant in France. It serves silicone chemical, aluminum, and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
