Gerdau S.A. ADR (NYSE:GGB) shares, rose in value on Thursday, March 06, with the stock price up by 1.03% to the previous day’s close as strong demand from buyers drove the stock to $2.95.
Actively observing the price movement in the last trading, the stock closed the session at $2.92. The PE ratio was 7.71 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 0.34% over the past month.
With the market capitalization of Gerdau S.A. ADR currently standing at about $3.83 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 4.83%.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 PEG ratio is about 1.32, with the price of GGB currently trading nearly 0.68% and 1.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.32, while the 7-day volatility ratio is showing 4.13% which for the 30-day chart, stands at 3.11%. Furthermore, Gerdau S.A. ADR (GGB)’s beta value is 1.39, 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 1.03% in last session, and over the past year, it shrunk by -19.55%%.
Data on historical trading for Gerdau S.A. ADR (NYSE:GGB) indicates that the trading volumes over the past 3 months, they’ve averaged 10.64 million. According to company’s latest data on outstanding shares, there are 1.32 billion shares outstanding.
Nearly 0.00% of Gerdau S.A. ADR’s shares belong to company insiders and institutional investors own 26.97% of the company’s shares. The stock has risen by 2.43% 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.
