Barrow, Hanley, Mewhinney & Strau has recently announced that it has increased stake in Ferroglobe Plc (NASDAQ:GSM) by 2.37%. After grabbing 6.75 million shares, the institutional investor is now in possession of 0.16 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 3.60% having worth around $30.71 million. Moreover, Hosking Partners LLP increased its share by 0.84 million to have a control over 5.2 million shares. And Boston Partners Global Investors, raised its holdings to 0.23 million shares by acquiring 4.25 million shares or 2.27% of the stake.
Ferroglobe Plc (GSM) concluded trading on 11/30/23 at a closing price of $5.79, with 4.47 million shares of worth about $25.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.95% during that period and on Thursday the price saw a gain of about 7.62%. Currently the company’s common shares owned by public are about 188.88M shares, out of which, 105.51M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the GSM stock and their offered price forecasts bring an average price target of $11.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.00 and could fall to a lowest price of $11.00. The stock’s current price level is 49.65% above of average price target set by the analysts, while a rise to estimated low would result in gain of 47.36% for the stock. However, touching the estimated high of $12.00 would mean a gain of 51.75% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
American Beacon Small Cap Value F, John Hancock Disciplined Value In, and Royce Small-Cap Opportunity Fund are the top 3 mutual funds which are holding stakes in Ferroglobe Plc American Beacon Small Cap Value F is currently holding 3.11 million shares of worth totaling $14.16 million. The company recently came buying 0.0 shares which brought its stake up to 1.66% of the company’s outstanding shares. John Hancock Disciplined Value In bought 21128.0 shares, after which its hold over company’s outstanding shares expand to 1.35%, leaving 2.54 million shares with the mutual fund that have a worth of about $11.54 million. Royce Small-Cap Opportunity Fund, after selling 1.33 million shares, have now control over 0.71% of the stake in the company. It holds 6300.0 shares of worth $6.04 million.
Ferroglobe Plc (NASDAQ: GSM) started trading at $5.36, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 5.97, or with a gain of 7.62%. Stock saw a price change of 17.21% in past 5 days and over the past one month there was a price change of 27.25%. Year-to-date (YTD), GSM shares are showing a performance of 50.39% which increased to 28.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.64 but also hit the highest price of $5.79 during that period. The average intraday trading volume for Ferroglobe Plc shares is 957.02K. The stock is currently trading 21.37% above its 20-day simple moving average (SMA20), while that difference is up 19.71% for SMA50 and it goes to 19.82% higher than SMA200.
Barrow, Hanley, Mewhinney & Strau acquired 6.75 million shares of Ferroglobe Plc having value of about $30.71 million. Data submitted at the U.S SEC by Barrow, Hanley, Mewhinney & Strau revealed that the firm now holds 0.16 million shares in the company valued at close to $905399.67, or have control over 2.37% stake in the company. Ferroglobe Plc (NASDAQ: GSM) currently have 188.88M outstanding shares and institutions hold larger chunk of about 45.84% of that. Holding of mutual funds in the company is about 4.67% while other institutional holders and individual stake holders have control over 9.37% and 38.16% of the stake respectively.
The stock has a current market capitalization of $1.09B and its 3Y-monthly beta is at 2.20. PE ratio of stock for trailing 12 months is 9.23, while it has posted earnings per share of $0.63 in the same period. Its PEG reads 0.46 and has Quick Ratio of 1.45 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GSM, volatility over the week remained 5.50% while standing at 4.86% over the month.
Analysts are in expectations that Ferroglobe Plc (GSM) stock would likely to be making an EPS of $Taiwan Semiconductor Manufactur in the current quarter, while forecast for next quarter EPS is $97.31 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Goldman Sachs Group, Inc. (The) which is $GSK plc at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Fortuna Silver Mines Inc in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -80.29% while it is estimated to increase by 19.83% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Ferroglobe Plc (GSM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on September 14, 2022 offering a Buy rating for the stock and assigned a target price of $12 to it.
