Ferroglobe PLC (NASDAQ:GSM) registered a 16.56% increase, still its new closing price is 82.14% up from the company’s 1 year high of 12.07.It posted 23.99% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 5 stock analysts following this company have an average price target at $13.30, with individual PT in the $10.00-$16.00 range. The shares moved at $12.25, implying that brokerage firms see shares gaining about 52.75% in twelve months time.
Ferroglobe PLC (GSM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 13.11% rise year to date. A Director at Ferroglobe PLC (GSM) offloaded shares in a transaction closed on Monday October 20, 2014. Lavin Franklin sold 3,266 shares in the company at $17.19 each and collected $56,000 in proceeds. Lavin Franklin now owns 2,440 shares in the company after this transaction. A Executive Chairman, 10% Owner in the company, Kestenbaum Alan, disclosed a transaction on Wednesday September 17, 2014 that ended up generating $1,003,000 from the sale of 50,000 shares at $20.06 per share.
Ferroglobe PLC (NASDAQ:GSM) Upcoming Results on Tap
Ferroglobe PLC will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.08 in that period. Sales during the quarter are predicted to arrive at $417.95 million.
Earnings surprise history: Last quarter, the company posted approximately $364.73 million in revenue and EPS of $-0.09. The mean forecast was for $414.77 million and $-0.01 a share, respectively. One quarter earlier, revenue for the stock was at $397.95 million, with earnings at $-0.01/share.
Ferroglobe PLC (GSM) Brokerage Update
Ferroglobe PLC (GSM) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Tuesday November 15, 2016.Another important research note was issued by Jefferies on Monday June 13, 2016.The firm upgraded GSM to Buy from Hold. Over the last six months and over the last three months, the shares of Ferroglobe PLC (GSM), have changed 37.81% and 33.38%, respectively.