These Numbers Show Favorable Signs for Gerdau S.A. ADR (GGB)

Gerdau S.A. ADR (NYSE: GGB) is -2.08% lower on its value in year-to-date trading and has touched a low of $2.67 and a high of $4.04 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 $2.82 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $2.82, the stock is -4.81% and -5.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.21 million and changing 0.00% at the moment leaves the stock -13.26% off its SMA200. GGB registered -22.74% loss for a year compared to 6-month loss of -16.07%..

The stock witnessed a -3.75% gain in the last 1 month and extending the period to 3 months gives it a -17.78%, and is -8.44% 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 3.25% over the week and 2.71% over the month.

Current P/E ratio is 7.37 and Fwd P/E is 6.45. Profit margin for the company is 7.01%. Distance from 52-week low is 5.62% and -30.20% from its 52-week high. The company has generated returns on investments over the last 12 months (7.54%).

with sales reaching $17.81B over the same period.The EPS is expected to grow by 10.77% this year, but quarterly earnings will post 0.99% year-over-year. Quarterly sales are estimated to grow 9.90% in year-over-year returns.

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

The shares outstanding are 1.32B, and float is at 1.30B with Short Float at 1.36%.

The top institutional shareholder in the company is CAPITAL INTERNATIONAL INVESTORS with over 77.17 million shares valued at $254.66 million. The investor’s holdings represent 3.6685% of the GGB Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 80.08 million shares valued at $264.26 million to account for 3.1759 of the shares outstanding. The other top investors are CONTRARIAN CAPITAL MANAGEMENT, L.L.C. which holds 20.28 million shares representing 0.9639% 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.