Gerdau S.A. ADR (NYSE: GGB) is -7.64% lower on its value in year-to-date trading and has touched a low of $2.27 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 $2.65 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.66, the stock is 1.94% and -5.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.72 million and changing 0.38% at the moment leaves the stock -14.58% off its SMA200. GGB registered -27.32% loss for a year compared to 6-month loss of -15.82%. The firm has a 50-day simple moving average (SMA 50) of $2.8042 and a 200-day simple moving average (SMA200) of $3.11395.
The stock witnessed a -12.21% gain in the last 1 month and extending the period to 3 months gives it a -9.22%, and is 4.72% 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 2.65% over the week and 4.31% over the month.
Current P/E ratio is 6.95 and Fwd P/E is 6.81. Profit margin for the company is 7.01%. Distance from 52-week low is 17.18% and -34.16% from its 52-week high. The company has generated returns on investments over the last 12 months (7.54%).
with sales reaching $16.79B over the same period.The EPS is expected to grow by 2.12% this year, but quarterly earnings will post 3.32% year-over-year. Quarterly sales are estimated to grow 3.58% in year-over-year returns.
Gerdau S.A. ADR (GGB) Top Institutional Holders
241.0 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 25.35% 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 25.35% 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 0.8212 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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