GSM Stock Summary and Trading Ideas (Ferroglobe PLC - | NASDAQ:GSM)

Ferroglobe PLC provides silicon-based alloys and specialty metals. It produces silicon metal and silicon and manganese-based alloy, serving customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. The company's business segments include North America - Silicon; Europe - Manganese; Europe - Silicon; South Africa - Silicon and Other segments The primary raw materials company uses to produce its electrometallurgy products includes its coal and quartz mining operations and its silicon metal and ferroalloy production.

Ferroglobe PLC - trades on the NASDAQ stock market under the symbol GSM.

As of April 19, 2024, GSM stock price declined to $5.01 with 556,209 million shares trading.

GSM has a beta of 0.33, meaning it tends to be less sensitive to market movements. GSM has a correlation of 0.01 to the broad based SPY ETF.

GSM has a market cap of $937.47 million. This is considered a Small Cap stock.

Last quarter Ferroglobe PLC - reported $376 million in Revenue and $.09 earnings per share. This beat revenue expectation by $57 million and exceeded earnings estimates by $.07.

In the last 3 years, GSM stock traded as high as $11.25 and as low as $3.24.

The top ETF exchange traded funds that GSM belongs to (by Net Assets): MGMT, DFSV, DFAS, PRFZ, DFAT.

GSM has underperformed the market in the last year with a return of +16.8%, while the SPY ETF gained +21.6%. In the last 3 month period, GSM fell short of the market, returning -17.5%, while SPY returned +4.7%. However, in the most recent 2 weeks GSM has outperformed the stock market by returning -1.0%, while SPY returned -3.1%.

GSM support price is $4.87 and resistance is $5.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GSM stock will trade within this expected range on the day.