Gerdau S.A. ADR (NYSE: GGB) is -1.39% 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 $2.92 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.84, the stock is -3.37% and -3.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.21 million and changing -2.74% at the moment leaves the stock -10.49% off its SMA200. GGB registered -22.37% loss for a year compared to 6-month loss of -18.39%. The firm has a 50-day simple moving average (SMA 50) of $2.9362 and a 200-day simple moving average (SMA200) of $3.1728.
The stock witnessed a 0.35% gain in the last 1 month and extending the period to 3 months gives it a -4.70%, and is -4.70% 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 2.27% over the week and 2.76% over the month.
Current P/E ratio is 7.42 and Fwd P/E is 6.63. Profit margin for the company is 7.01%. Distance from 52-week low is 6.37% and -29.70% 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 1.19%. Institutions hold 25.66% of the Float.
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 3.8068% 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 3.6685 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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