Ferroglobe Plc (NASDAQ: GSM) stock fell -1.20% on Monday to $4.93 against a previous-day closing price of $4.99. With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $5.0400 whereas the lowest price it dropped to was $4.8711. The 52-week range on GSM shows that it touched its highest point at $5.79 and its lowest point at $3.64 during that stretch. It currently has a 1-year price target of $11.50. Beta for the stock currently stands at 2.18.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSM was up-trending over the past week, with a rise of 11.79%, but this was up by 11.29% over a month. Three-month performance dropped to -12.43% while six-month performance fell -1.79%. The stock gained 5.57% in the past year, while it has gained 28.05% so far this year. A look at the trailing 12-month EPS for GSM yields 0.63 with Next year EPS estimates of 0.72. For the next quarter, that number is 0.09. This implies an EPS growth rate of -80.29% for this year and 19.83% for next year.
Float and Shares Shorts:
At present, 188.88 million GSM shares are outstanding with a float of 105.51 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.72 million, which was 1.45% higher than short shares on Sep 28, 2023. In addition to Mr. Francisco Javier López Madrid as the firm’s Executive Chairman, Dr. Marco Levi serves as its CEO & Executive Director.
Through their ownership of 47.38% of GSM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.37% of GSM, in contrast to 4.67% held by mutual funds. Shares owned by individuals account for 38.16%. As the largest shareholder in GSM with 7.31% of the stake, Cooper Creek Partners Management holds 13,707,933 shares worth 13,707,933. A second-largest stockholder of GSM, Wolf Hill Capital Management LP, holds 10,576,354 shares, controlling over 5.64% of the firm’s shares. Barrow, Hanley, Mewhinney & Strau is the third largest shareholder in GSM, holding 6,749,677 shares or 3.60% stake. With a 1.66% stake in GSM, the American Beacon Small Cap Value F is the largest stakeholder. A total of 3,111,546 shares are owned by the mutual fund manager. The John Hancock Disciplined Value In, which owns about 1.35% of GSM stock, is the second-largest Mutual Fund holder. It holds 2,535,928 shares valued at 11.54 million. Royce Small-Cap Opportunity Fund holds 0.71% of the stake in GSM, owning 1,327,171 shares worth 6.04 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GSM analysts setting a high price target of $12.00 and a low target of $11.00, the average target price over the next 12 months is $11.50. Based on these targets, GSM could surge 143.41% to reach the target high and rise by 123.12% to reach the target low. Reaching the average price target will result in a growth of 133.27% from current levels.
Dividends & Yield:
In terms of dividends, GSM has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and GSM currently yields $7.85. In the past year, GSM’s dividend yield has been $7.85, but when looking at the stock over the past five years, its yield has been $–. Accordingly, GSM has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded GSM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.