Gerdau S.A. ADR (NYSE: GGB) is -2.43% 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 $2.83 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.81, the stock is -4.28% and -4.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.3 million and changing -0.71% at the moment leaves the stock -12.98% off its SMA200. GGB registered -21.58% loss for a year compared to 6-month loss of -13.54%.
The stock witnessed a -6.02% gain in the last 1 month and extending the period to 3 months gives it a -18.08%, and is -0.35% 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 3.45% over the week and 3.04% over the month.
Current P/E ratio is 7.34 and Fwd P/E is 6.45. Profit margin for the company is 7.01%. Distance from 52-week low is 5.24% and -30.45% from its 52-week high. The company has generated returns on investments over the last 12 months (7.54%).
with sales reaching $17.1B over the same period.The EPS is expected to grow by 8.61% this year, but quarterly earnings will post 4.02% year-over-year. Quarterly sales are estimated to grow 5.51% 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 1.30%.
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.
Gerdau S.A. ADR (GGB) Insider Activity
#####
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 -18.56% down over the past 12 months. Nucor Corp. (NUE) that is -28.37% lower over the same period.
