Gerdau S.A. ADR (NYSE: GGB) is -18.10% lower on its value in year-to-date trading and has touched a low of $2.27 and a high of $3.62 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 $2.93 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $2.85, the stock is -3.50% and -1.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.99 million and changing -2.73% at the moment leaves the stock -4.80% off its SMA200. GGB registered -1.04% loss for a year compared to 6-month gain of -1.38%. The firm has a 50-day simple moving average (SMA 50) of $2.8804 and a 200-day simple moving average (SMA200) of $2.99365.
The stock witnessed a -4.36% loss in the last 1 month and extending the period to 3 months gives it a 13.10%, and is -4.36% 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 2.60% over the week and 2.48% over the month.
Current P/E ratio is 10.09 and Fwd P/E is 6.60. Profit margin for the company is 4.85%. Distance from 52-week low is 25.55% and -21.27% 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 -10.36% this year.
Gerdau S.A. ADR (GGB) Top Institutional Holders
234.0 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 24.52% of the company’s shares. The shares outstanding are 1.31B, and float is at 1.29B with Short Float at 0.96%. Institutions hold 24.52% 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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