Stifel lifts Ferroglobe PLC [GSM] price estimate. Who else is bullish?

Ferroglobe PLC [NASDAQ: GSM] surged by $0.44 during the normal trading session on Thursday and reaching a high of $3.75 during the day while it closed the day at $3.72. The company report on March 26, 2021 that U.S. International Trade Commission Reaffirms Material Injury to the U.S. Silicon Metal Industry — Imports From Bosnia and Herzegovina, Iceland and Kazakhstan Subject to Duties of Up to 160%.

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Globe Specialty Metals, Inc. (“GSM”), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (“MS”), together representing the majority of American silicon metal production, welcomed news on March 24th that the U.S. International Trade Commission’s (“ITC”) final 5-0 vote reaffirming that unfairly traded silicon metal imports from Bosnia and Herzegovina, Iceland, and Kazakhstan are materially injuring the U.S. industry.

The decision clears the way for the U.S. Department of Commerce to issue final orders imposing antidumping and countervailing duties on imports from these countries for at least five years.

Ferroglobe PLC stock has also gained 2.76% of its value over the past 7 days. However, GSM stock has inclined by 135.44% in the 3 months of the year. Over the past six months meanwhile, it has gained 441.72% and gained 126.83% year-on date.

The market cap for GSM stock reached $641.74 million, with 169.26 million shares outstanding and 71.41 million shares in the current float. Compared to the average trading volume of 2.82M shares, GSM reached a trading volume of 2640772 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ferroglobe PLC [GSM]:

Stifel have made an estimate for Ferroglobe PLC shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 16, 2019. The new note on the price target was released on February 14, 2019, representing the official price target for Ferroglobe PLC stock.

The Average True Range (ATR) for Ferroglobe PLC is set at 0.36, with the Price to Sales ratio for GSM stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 0.60. Price to Free Cash Flow for GSM in the course of the last twelve months was 5.18 with Quick ratio for the last quarter at 1.00.

GSM stock trade performance evaluation

Ferroglobe PLC [GSM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.76. With this latest performance, GSM shares dropped by -2.36% in over the last four-week period, additionally plugging by 441.72% over the last 6 months – not to mention a rise of 726.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GSM stock in for the last two-week period is set at 58.57, with the RSI for the last a single of trading hit 59.76, and the three-weeks RSI is set at 58.80 for Ferroglobe PLC [GSM]. The present Moving Average for the last 50 days of trading for this stock 3.08, while it was recorded at 3.49 for the last single week of trading, and 1.38 for the last 200 days.

Ferroglobe PLC [GSM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ferroglobe PLC [GSM] shares currently have an operating margin of -10.13 and a Gross Margin at +2.85. Ferroglobe PLC’s Net Margin is presently recorded at -16.19.

Return on Total Capital for GSM is now -11.56, given the latest momentum, and Return on Invested Capital for the company is -20.00. Return on Equity for this stock declined to -40.93, with Return on Assets sitting at -11.85. When it comes to the capital structure of this company, Ferroglobe PLC [GSM] has a Total Debt to Total Equity ratio set at 119.83. Additionally, GSM Total Debt to Total Capital is recorded at 54.51, with Total Debt to Total Assets ending up at 36.25. Long-Term Debt to Equity for the company is recorded at 97.02, with the Long-Term Debt to Total Capital now at 44.14.

Receivables Turnover for the company is 3.83 with a Total Asset Turnover recorded at a value of 0.73.Ferroglobe PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Ferroglobe PLC [GSM] stock

With the latest financial reports released by the company, Ferroglobe PLC posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -18.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GSM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ferroglobe PLC go to 20.00%.

Ferroglobe PLC [GSM]: Insider Ownership positions

There are presently around $138 million, or 22.00% of GSM stock, in the hands of institutional investors. The top three institutional holders of GSM stocks are: ADAGE CAPITAL PARTNERS GP, L.L.C. with ownership of 7,241,392, which is approximately -6.459% of the company’s market cap and around 57.79% of the total institutional ownership; BARROW HANLEY MEWHINNEY & STRAUSS LLC, holding 4,845,670 shares of the stock with an approximate value of $18.03 million in GSM stocks shares; and HOSKING PARTNERS LLP, currently with $14.16 million in GSM stock with ownership of nearly 0.919% of the company’s market capitalization.

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Positions in Ferroglobe PLC stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 30 institutional holders increased their position in Ferroglobe PLC [NASDAQ:GSM] by around 6,870,513 shares. Additionally, 15 investors decreased positions by around 5,562,069 shares, while 8 investors held positions by with 24,709,132 shares. The mentioned changes placed institutional holdings at 37,141,714 shares, according to the latest SEC report filing. GSM stock had 14 new institutional investments in for a total of 4,750,946 shares, while 5 institutional investors sold positions of 3,650,036 shares during the same period.

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