Gerdau S.A. ADR (NYSE:GGB) price on current trading day, fall -1.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.90.
A look at the stock’s price movement, the level at last check in today’s session was $2.95, moving within a range at $2.8701 and $2.94. The beta value (5-Year monthly) was 1.342 while the PE ratio in trailing twelve months stood at 7.06. Turning to its 52-week performance, $4.04 and $2.67 were the 52-week high and 52-week low respectively. Overall, GGB moved -0.51% over the past month.
Gerdau S.A. ADR’s market cap currently stands at around $3.81 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.14, with its dividend yield at 4.90%. 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 16.72B for the company’s revenue for the quarter, with a low and high estimate of 16.44B and 17.13B respectively. The average forecast suggests up to a 13.65% 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 66.71B, representing a -3.21% 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 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 0.27% and -5.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.98, while 7-day volatility ratio is 2.80% and 2.69% in the 30-day chart. Further, Gerdau S.A. ADR (GGB) has a beta value of 1.69, and an average true range (ATR) of 0.08. 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 -72.41% off recent price level in today’s trading while to achieve the yearly target high, it has to move -72.41%. Nonetheless, investors will most likely welcome a -72.41% 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 9.25 over the past 10 days and 9.68 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 25.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.04 million on 2025-01-15, giving us a short ratio of 1.88. The data shows that as of 2025-01-15 short interest in Gerdau S.A. ADR (GGB) stood at 192.99999 of shares outstanding, with shares short rising to 15.18 million registered in 2024-12-13. Current price change has pushed the stock 0.87% 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.
