Gerdau S.A. ADR (NYSE:GGB) currently has a daily average trading volume of 6.16M but it saw 6598771 shares traded in last market. With a market cap of 5.15B USD, the company’s current market price of $4.48 came rising about 1.13 while comparing to the previous closing price of $4.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.04 and as low as $4.11.
Taking a look at 20-day trading activity of Gerdau S.A. ADR (GGB) gives us an average price of $4.32, while its current price level is -25.88% below from 52-week high level whereas it is 9.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.31 while that of 200 days or SMA-200 reads an average of $4.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.68% during that period while stretching the period over a month that decreases to 2.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.40 which implies that the stock is in neutral territory.
JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on February 09, 2023 while assigning a price target range of $7-$6. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock is $6.10.
Over the week, GGB’s stock price is moving 4.92% up while it is 1.82% when we observe its performance for the past one month. Year-to-date it is -7.63% down and over the past year, the stock is showing a downside performance of -5.46%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.08 beaten by the consensus estimate of $0.12 for the same. For GGB, analysts are forecasting an EPS-growth rate of -27.30% for current year and estimate for EPS growth in next year is 3.60%.
Currently, Gerdau S.A. ADR’s total number of outstanding shares is 1.15B with 0.00% of that held by the insiders while 25.07% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.25% and return on equity (ROE) at 15.82%. It has a price to earnings ratio (P/E ratio) of 5.29 while having a 8.51 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 0.78 while price to sale or P/S ratio amounts to 0.37. Its return on asset (ROA) is 10.13% on average.
