Is This Stock a Screaming Buy: Ferroglobe PLC (NASDAQ:GSM)

Equity Research firms currently have a positive stance on shares of Ferroglobe PLC (NASDAQ:GSM). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $12.31 on a short term basis.

At the time of writing, the stock was trading at $8.90. This represents a change from the opening price of -0.56%. In terms of performance, year to date, the stock is -14.81%. The monthly stock performance comes in at 8.70%. For the quarter, shares are performing at 3.62%. Weekly performance analysis shows the equity at -1.44%.

In taking a look at technical levels, shares are trading 0.33% away from the 50 day simple moving average and 0.84% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -36.20% away from it’s 52- week high and 31.40% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Ferroglobe PLC’s RSI stands at 53.53. In looking at volatility levels, the shares saw weekly volatility of 3.96% and 3.64% over the past month.

Leave a Comment