rts logo

Gerdau S.A. ADR (GGB) Is Now En Route to Higher Prices

Gerdau S.A. ADR (NYSE: GGB) is -9.28% lower on its value in year-to-date trading and has touched a low of $4.11 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 $4.42 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $4.40, the stock is 2.03% and 2.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -0.45% at the moment leaves the stock -7.17% off its SMA200. GGB registered -4.04% loss for a year compared to 6-month loss of -6.77%. The firm has a 50-day simple moving average (SMA 50) of $0.13 and a 200-day simple moving average (SMA200) of $0.67.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

The stock witnessed a 2.09% gain in the last 1 month and extending the period to 3 months gives it a -10.20%, and is 2.33% up 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 2.17% over the week and 2.33% over the month.

Current P/E ratio is 5.20 and Fwd P/E is 8.36. Profit margin for the company is 10.80%. Distance from 52-week low is 7.06% and -27.20% from its 52-week high. The company has generated returns on investments over the last 12 months (12.25%).

Gerdau S.A. ADR quarterly earnings per share for the current quarter are estimated at $0.13.The EPS is expected to shrink by -42.03% this year, but quarterly earnings will post -2.80% year-over-year.

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

259 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 25.07% of the company’s shares. The shares outstanding are 1.15B, and float is at 1.15B with Short Float at 0.20%. Institutions hold 25.07% 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.

Related Posts