Gerdau S.A. ADR (NYSE: GGB) is -5.83% 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 $3.13 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $3.07, the stock is 2.88% and 8.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.31 million and changing -1.92% at the moment leaves the stock 1.94% off its SMA200. GGB registered 6.60% gain for a year compared to 6-month loss of 6.60%. The firm has a 50-day simple moving average (SMA 50) of $2.819 and a 200-day simple moving average (SMA200) of $3.0115.
The stock witnessed a 8.87% gain in the last 1 month and extending the period to 3 months gives it a 9.64%, and is 6.97% 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 2.42% over the week and 2.40% over the month.
Current P/E ratio is 10.87 and Fwd P/E is 7.46. Profit margin for the company is 4.85%. Distance from 52-week low is 35.24% and -15.19% 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 -9.09% 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 1.00%. 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.
