Gerdau S.A. ADR (GGB) Stock Could Soon Reward Patient Investors

Gerdau S.A. ADR (NYSE: GGB) is -12.78% lower on its value in year-to-date trading and has touched a low of $4.12 and a high of $6.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GGB stock was last observed hovering at around $4.26 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $4.23, the stock is -1.80% and -6.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing -0.70% at the moment leaves the stock -12.28% off its SMA200. GGB registered -22.99% loss for a year compared to 6-month loss of -18.04%. The firm has a 50-day simple moving average (SMA 50) of $0.12 and a 200-day simple moving average (SMA200) of $0.59.

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The stock witnessed a -3.86% gain in the last 1 month and extending the period to 3 months gives it a -6.68%, and is -2.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.03% over the month.

Gerdau S.A. ADR (GGB) has around Nov 20 2023 employees, a market worth around $4.86B and $14.24B in sales. Current P/E ratio is 4.64 and Fwd P/E is 7.85. Profit margin for the company is 11.26%. Distance from 52-week low is 2.65% and -30.01% from its 52-week high. The company has generated returns on investments over the last 12 months (13.00%).

Gerdau S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $3.13B over the same period.The EPS is expected to shrink by -31.93% this year, but quarterly earnings will post -14.70% year-over-year. Quarterly sales are estimated to shrink -12.90% in year-over-year returns.

Gerdau S.A. ADR (GGB) Top Institutional Holders

258 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 25.12% of the company’s shares. The shares outstanding are 1.15B, and float is at 1.15B with Short Float at 0.41%. Institutions hold 25.12% of the Float.

The top institutional shareholder in the company is Capital International Investors with over 98.25 million shares valued at $512.84 million. The investor’s holdings represent 8.49% of the GGB Shares outstanding. As of Jun 29, 2023, the second largest holder is Acadian Asset Management. LLC with 26.4 million shares valued at $137.78 million to account for 2.28% of the shares outstanding. The other top investors are Contrarian Capital Management, LLC which holds 17.98 million shares representing 1.55% and valued at over $93.85 million, while Dimensional Fund Advisors LP holds 1.21% of the shares totaling 13.98 million with a market value of $72.99 million.

Gerdau S.A. ADR (GGB): Who are the competitors?

The company’s main competitors (and peers) include United States Steel Corp. (X) that is trading 63.92% up over the past 12 months. Nucor Corp. (NUE) that is 11.29% higher over the same period.