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Tuesday, July 27, 2021

Is Now the Time to Invest in Ferroglobe PLC (NASDAQ:GSM)?

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The Ferroglobe PLC (GSM) shares are trading at higher $0.48 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $1.72 and the low is $0.35. Over the last 52 weeks, GSM is down -72.16% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GSM reported a profit of $67.86 million. Ferroglobe PLC also saw revenues increase to $311.22 million. In addition, GSM has free cash flow of $85.01 million as of 03-2020. The company’s EBITDA came in at -$20.2 million which compares well with its peers.

GSM booked profit margins of -20.40%, its Return on Equity (ROE) is -46.30%, and its Return on Assets is -16.40%. All told, it is clear that, GSM needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GSM has a short ratio of 0.73 and outstanding shares of 169.25M.

Company Outlook

GSM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.54 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.26. Ferroglobe PLC GSM also noted assets of $1.53 billion at the end of the last quarter. Investors should also keep an eye on sector updates as GSM has historically followed its peers on positive news.

All told, Ferroglobe PLC GSM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GSM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Ferroglobe PLC GSM is now commanding a market cap of 81.94M and a float of 71.35M. GSM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GSM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GSM, either long or short, and we have not been compensated for this article.

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