Gerdau S.A. ADR (NYSE: GGB) is -7.22% 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 $4.55 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $4.50, the stock is 3.94% and 4.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.08 million and changing -1.10% at the moment leaves the stock -4.77% off its SMA200. GGB registered -3.48% loss for a year compared to 6-month loss of 3.07%. The firm has a 50-day simple moving average (SMA 50) of $0.13 and a 200-day simple moving average (SMA200) of $0.68.
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The stock witnessed a 4.65% gain in the last 1 month and extending the period to 3 months gives it a -4.66%, and is 1.81% 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 2.95% over the week and 2.59% over the month.
Current P/E ratio is 5.32 and Fwd P/E is 8.55. Profit margin for the company is 10.80%. Distance from 52-week low is 9.49% and -25.54% 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 -42.07% this year, but quarterly earnings will post -0.10% 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.
