Gerdau S.A. ADR (NYSE:GGB) price on current trading day, rose 1.17% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.46.
A look at the stock’s price movement, the level at last check in today’s session was $3.42, moving within a range at $3.45 and $3.5. The beta value (5-Year monthly) was 1.342 while the PE ratio in trailing twelve months stood at 8.41. Turning to its 52-week performance, $4.10 and $2.92 were the 52-week high and 52-week low respectively. Overall, GGB moved 11.62% over the past month.
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Gerdau S.A. ADR’s market cap currently stands at around $4.62 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 4.21%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 16.42B for the company’s revenue for the quarter, with a low and high estimate of 16.35B and 16.49B respectively. The average forecast suggests up to a 11.59% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 66.43B, representing a -3.61% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GGB is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend GGB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GGB’s current price about 0.54% and 3.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.72, while 7-day volatility ratio is 2.56% and 2.73% in the 30-day chart. Further, Gerdau S.A. ADR (GGB) has a beta value of 1.70, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -44.51% off recent price level in today’s trading while to achieve the yearly target high, it has to move -44.51%. Nonetheless, investors will most likely welcome a -44.51% jump to $5 which is the analysts’ median price.
If we refocus on Gerdau S.A. ADR (NYSE:GGB), historical trading data shows that trading volumes averaged 9.66 over the past 10 days and 10.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.36 billion shares.
The 0.00% of Gerdau S.A. ADR’s shares are in the hands of company insiders while institutional holders own 25.72% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.92 million on 2024-11-15, giving us a short ratio of 0.4. The data shows that as of 2024-11-15 short interest in Gerdau S.A. ADR (GGB) stood at 54.0 of shares outstanding, with shares short falling to 6.76 million registered in 2024-10-15. Current price change has pushed the stock -14.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GGB stock continues to rise going into the next quarter.
