Gerdau S.A. ADR (NYSE: GGB) is 4.86% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GGB stock was last observed hovering at around $2.94 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $3.02, the stock is 4.43% and 3.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.58 million and changing 2.72% at the moment leaves the stock -5.29% off its SMA200. GGB registered -17.45% loss for a year compared to 6-month loss of -9.04%. The firm has a 50-day simple moving average (SMA 50) of $2.906 and a 200-day simple moving average (SMA200) of $3.1887.
The stock witnessed a 0.00% gain in the last 1 month and extending the period to 3 months gives it a -13.71%, and is 5.59% 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 2.87% over the week and 3.25% over the month.
Current P/E ratio is 7.89 and Fwd P/E is 7.05. Profit margin for the company is 7.01%. Distance from 52-week low is 13.11% and -25.25% from its 52-week high. The company has generated returns on investments over the last 12 months (7.54%).
with sales reaching $17.14B over the same period.The EPS is expected to grow by 13.33% this year, but quarterly earnings will post 4.62% year-over-year. Quarterly sales are estimated to grow 5.73% in year-over-year returns.
Gerdau S.A. ADR (GGB) Top Institutional Holders
246.0 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 25.67% of the company’s shares. The shares outstanding are 1.32B, and float is at 1.30B with Short Float at 1.25%. Institutions hold 25.66% of the Float.
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
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