Gerdau S.A. ADR (NYSE: GGB) is 3.12% higher 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 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 $2.96 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $2.97, the stock is 7.08% and 10.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.45 million and changing 0.34% at the moment leaves the stock -2.32% off its SMA200. GGB registered -8.90% loss for a year compared to 6-month loss of -13.66%. The firm has a 50-day simple moving average (SMA 50) of $2.6822 and a 200-day simple moving average (SMA200) of $3.0404.
The stock witnessed a 18.33% gain in the last 1 month and extending the period to 3 months gives it a 0.68%, and is 12.93% 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 2.41% over the week and 2.63% over the month.
Current P/E ratio is 10.51 and Fwd P/E is 7.69. Profit margin for the company is 4.85%. Distance from 52-week low is 30.84% and -17.96% 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 -11.59% this year.
Gerdau S.A. ADR (GGB) Top Institutional Holders
238.0 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 24.54% of the company’s shares. The shares outstanding are 1.31B, and float is at 1.29B with Short Float at 0.69%. Institutions hold 24.54% 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.
