Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ferroglobe (GSM) Share Price
Media stories about Ferroglobe (NASDAQ:GSM) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ferroglobe earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.6627062123707 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ferroglobe PLC (GSM) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Ferroglobe (GSM) Raised to “Buy” at BidaskClub (americanbankingnews.com)
- Deals in Battery Metals Market Set Stage for Increases – EnerCom Inc. (press release) (blog) (oilandgas360.com)
- Pinnacle Financial Partners Raised 3M Co (MMM) Stake … – Hill Country Times (hillcountrytimes.com)
- Can Ferroglobe (GSM) Run Higher on Strong Earnings Estimate Revisions? (finance.yahoo.com)
Shares of Ferroglobe (GSM) traded down $0.13 during trading hours on Monday, hitting $16.60. 218,100 shares of the stock traded hands, compared to its average volume of 780,570. The stock has a market cap of $2,830.00, a P/E ratio of -11.61 and a beta of 1.75. The company has a quick ratio of 1.09, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. Ferroglobe has a twelve month low of $8.54 and a twelve month high of $17.61.
Ferroglobe (NASDAQ:GSM) last issued its quarterly earnings data on Monday, November 27th. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $451.60 million during the quarter, compared to the consensus estimate of $435.15 million. Ferroglobe had a negative net margin of 2.84% and a negative return on equity of 0.75%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. equities research analysts expect that Ferroglobe will post 0.13 EPS for the current fiscal year.
Several research firms have recently commented on GSM. BidaskClub raised shares of Ferroglobe from a “hold” rating to a “buy” rating in a research note on Friday. B. Riley reissued a “buy” rating and issued a $16.00 price objective on shares of Ferroglobe in a research note on Sunday, September 3rd. Stifel Nicolaus set a $19.00 price objective on shares of Ferroglobe and gave the company a “buy” rating in a research note on Friday, October 6th. ValuEngine lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Jefferies Group reissued a “buy” rating on shares of Ferroglobe in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Ferroglobe presently has an average rating of “Buy” and a consensus price target of $19.25.
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Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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