Gerdau S.A. ADR (NYSE:GGB) shares, rose in value, with the stock price down by -1.32% to the previous day’s close as strong demand from buyers drove the stock to $2.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.02, falling within a range of $2.945 and $3.0. The value of beta (5-year monthly) is 1.342 whereas the PE ratio is 7.24 over 12-month period. Referring to stock’s 52-week performance, its high was $4.04, and the low was $2.67. On the whole, GGB has fluctuated by 7.19% over the past month.
With the market capitalization of Gerdau S.A. ADR currently standing at about $3.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 4.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 66.71B, with a low estimate of 16.44B and a high estimate of 17.13B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.72B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GGB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GGB currently trading nearly 1.31% and -2.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.72, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 2.61%. Furthermore, Gerdau S.A. ADR (GGB)’s beta value is 1.68, and its average true range (ATR) is 0.10.
A comparison of Gerdau S.A. ADR (GGB) with its peers suggests the former has fared considerably weaker in the market. GGB showed an intraday change of -1.32% in today’s session so far, and over the past year, it shrunk by -16.45%%.
Data on historical trading for Gerdau S.A. ADR (NYSE:GGB) indicates that the trading volumes over the past 10 days have averaged 11.04 and over the past 3 months, they’ve averaged 9.67 million. According to company’s latest data on outstanding shares, there are 1.36 billion shares outstanding.
Nearly 0.00% of Gerdau S.A. ADR’s shares belong to company insiders and institutional investors own 27.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.66 million shares as on 2025-01-31, resulting in a short ratio of 2.06. According to the data, the short interest in Gerdau S.A. ADR (GGB) stood at 201.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 18.18 million. The stock has risen by 3.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GGB stock heading into the next quarter.
