Meanwhile, B. Riley Securities initiated its Ferroglobe Plc [GSM] rating to a Buy in a research note published on September 14, 2022; the price target was $12. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid February with a ‘”a Buy”‘ rating. Stifel also remained covering GSM and has decreased its forecast on September 16, 2019 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on February 14, 2019. It rated GSM as “a Hold” which previously was an “a Buy”.
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Price Performance Review of GSM
On Friday, Ferroglobe Plc [NASDAQ:GSM] saw its stock fall -2.80% to $4.17. Over the last five days, the stock has lost -2.11%. Ferroglobe Plc shares have fallen nearly -35.94% since the year began. Nevertheless, the stocks have fallen -36.24% over the past one year. While a 52-week high of $6.78 was reached on 01/02/24, a 52-week low of $3.99 was recorded on 11/14/24. SMA at 50 days reached $4.36, while 200 days put it at $4.88.
Levels Of Support And Resistance For GSM Stock
The 24-hour chart illustrates a support level at 4.08, which if violated will result in even more drops to 4.00. On the upside, there is a resistance level at 4.25. A further resistance level may holdings at 4.34. The Relative Strength Index (RSI) on the 14-day chart is 40.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.48%. Stochastics %K at 23.17% indicates the stock is a holding.
How much short interest is there in Ferroglobe Plc?
A steep rise in short interest was recorded in Ferroglobe Plc stocks on 2024-11-29, dropping by 24026.0 shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.88 million shares. There was a decline of -1.29%, which implies that there is a negative sentiment for the stock.
