Gerdau S.A. ADR (NYSE: GGB) is -23.05% lower on its value in year-to-date trading and has touched a low of $2.92 and a high of $4.10 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 $3.11 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $3.11, the stock is -7.23% and -6.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.91 million and changing 0.00% at the moment leaves the stock -8.47% off its SMA200. GGB registered -19.74% loss for a year compared to 6-month gain of -5.47%. The firm has a 50-day simple moving average (SMA 50) of $3.3148 and a 200-day simple moving average (SMA200) of $3.3978083.
The stock witnessed a -10.37% loss in the last 1 month and extending the period to 3 months gives it a -2.81%, and is -4.60% 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 3.68% over the week and 2.89% over the month.
Current P/E ratio is 7.56 and Fwd P/E is 6.64. Profit margin for the company is 7.46%. Distance from 52-week low is 6.51% and -24.22% from its 52-week high. The company has generated returns on investments over the last 12 months (7.63%).
with sales reaching $16.42B over the same period.The EPS is expected to shrink by -38.24% this year, but quarterly earnings will post -3.40% year-over-year. Quarterly sales are estimated to grow 11.59% in year-over-year returns.
Gerdau S.A. ADR (GGB) Top Institutional Holders
The shares outstanding are 1.36B, and float is at 1.34B with Short Float at 0.81%.
The top institutional shareholder in the company is FMR LLC with over 80.08 million shares valued at $264.26 million. The investor’s holdings represent 3.1759% of the GGB Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL INTERNATIONAL INVESTORS with 77.17 million shares valued at $254.66 million to account for 3.0605 of the shares outstanding. The other top investors are CONTRARIAN CAPITAL MANAGEMENT, L.L.C. which holds 20.28 million shares representing 0.8042% and valued at over $66.91 million, while GOLDMAN SACHS GROUP INC holds 0.6851 of the shares totaling 17.28 million with a market value of $57.01 million.
Gerdau S.A. ADR (GGB) Insider Activity
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