Gerdau S.A. ADR (NYSE:GGB) currently has a daily average trading volume of 10.81M but it saw 9522888 shares traded in last market. With a market cap of 3.65B USD, the company’s current market price of $2.81 came falling about -2.43 while comparing to the previous closing price of $2.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.04 and as low as $2.67. In the recent trading on the day, stock has struck highest price mark of $2.81 while lowest mark touched by it was $2.88.
Taking a look at 20-day trading activity of Gerdau S.A. ADR (GGB) gives us an average price of $2.91, while its current price level is -30.45% below from 52-week high level whereas it is 5.24% 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 $2.90 while that of 200 days or SMA-200 reads an average of $3.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.98% during that period while stretching the period over a month that increases to 3.17%. 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 42.25 which implies that the stock is in neutral territory.
BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on May 24, 2024 while assigning a price target range of $4.50-$5.
Over the week, GGB’s stock price is moving -3.77% down while it is -6.95% when we observe its performance for the past one month. Year-to-date it is -2.43% down and over the past year, the stock is showing a downside performance of -20.47%.
Currently, Gerdau S.A. ADR’s total number of outstanding shares is 1.32B with 0.01% of that held by the insiders while 25.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.54% and return on equity (ROE) at 8.98%. It has a price to earnings ratio (P/E ratio) of 7.34 while having a 6.56 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to book (P/B) ratio of 0.61 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is 5.94% on average.
