Gerdau S.A. ADR (NYSE: GGB) is -11.52% 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 $2.87 in the last trading session, with the day’s gains setting it 13249997.13%.
Currently trading at $13250000.0, the stock is -0.88% and 5.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.19 million and changing 1.74% at the moment leaves the stock -3.23% off its SMA200. GGB registered 1.39% gain for a year compared to 6-month loss of -2.67%. The firm has a 50-day simple moving average (SMA 50) of $2.7798 and a 200-day simple moving average (SMA200) of $3.01735.
The stock witnessed a 6.18% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 1.04% 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 2.00% over the week and 2.62% over the month.
Current P/E ratio is 10.34 and Fwd P/E is 7.10. Profit margin for the company is 4.85%. Distance from 52-week low is 28.63% and -19.34% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).
with sales reaching $18.31B over the same period.The EPS is expected to shrink by -9.09% this year, but quarterly earnings will post 5.03% year-over-year. Quarterly sales are estimated to grow 10.19% in year-over-year returns.
Gerdau S.A. ADR (GGB) Top Institutional Holders
237.0 institutions hold shares in Gerdau S.A. ADR (GGB), with institutional investors hold 24.53% of the company’s shares. The shares outstanding are 1.31B, and float is at 1.29B with Short Float at 1.00%. Institutions hold 24.53% 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.
