Gerdau S.A. ADR (NYSE: GGB) is -2.43% lower on its value in year-to-date trading and has touched a low of $2.27 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 $2.77 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.81, the stock is 6.30% and 2.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.54 million and changing 1.44% at the moment leaves the stock -8.31% off its SMA200. GGB registered -24.87% loss for a year compared to 6-month loss of -17.35%.
The stock witnessed a 11.51% gain in the last 1 month and extending the period to 3 months gives it a -8.77%, and is 7.25% 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 2.92% over the week and 2.78% over the month.
Current P/E ratio is 9.95 and Fwd P/E is 7.32. Profit margin for the company is 4.85%. Distance from 52-week low is 23.79% and -30.45% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).
The EPS is expected to shrink by -9.29% this year.
Gerdau S.A. ADR (GGB) Top Institutional Holders
The shares outstanding are 1.31B, and float is at 1.29B with Short Float at 1.09%.
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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