Up Nearly 60% in the Past Month, is Ferroglobe a Buy?

This post was originally published on this site

However, the stock is currently trading 16.7% below its 52-week high of $11.25, which it hit on September 2, 2021. Furthermore, GSM’s revenue and total assets have declined at CAGRs of 12.7% and 13.8%, respectively, over the past three years. In addition, its net debt came in at $358 million in the second quarter (ended June 30, 2021) compared to $334 million in the first quarter (ended March 31, 2021). And its business could continue to be impacted by the COVID-19 pandemic. So, its near-term prospects look bleak.

Here are the factors that we think could shape GSM’s performance in the coming months:

Continue reading on StockNews