Gerdau S.A. ADR (NYSE:GGB) shares, rose in value on Thursday, April 04, with the stock price up by 2.67% to the previous day’s close as strong demand from buyers drove the stock to $4.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.48. The value of beta (5-year monthly) is 1.34 whereas the PE ratio is 5.43 over 12-month period. Referring to stock’s 52-week performance, its high was $6.04, and the low was $4.11. On the whole, GGB has fluctuated by 6.22% over the past month.
The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 2.32%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.14 for fiscal year $0.55 and then to about $0.58 by fiscal year 2025. Data indicates that the EPS growth is expected to be -27.60% in 2025, while the next year’s EPS growth is forecast to be 5.50%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $13.54 billion, representing a decrease of -0.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. 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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GGB currently trading nearly 6.54% and 6.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.05, while the 7-day volatility ratio is showing 2.68% which for the 30-day chart, stands at 2.45%. Furthermore, Gerdau S.A. ADR (GGB)’s beta value is 1.75, and its average true range (ATR) is 0.11.
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 2.67% in today’s session so far, and over the past year, it shrunk by -3.92%%.
Data on historical trading for Gerdau S.A. ADR (NYSE:GGB) indicates that the trading volumes over the past 10 days have averaged 5.23 million and over the past 3 months, they’ve averaged 6.20 million. According to company’s latest data on outstanding shares, there are 1.15 billion shares outstanding.
Nearly 0.00% of Gerdau S.A. ADR’s shares belong to company insiders and institutional investors own 25.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.94 million shares as on Mar 15, 2024, resulting in a short ratio of 0.29. According to the data, the short interest in Gerdau S.A. ADR (GGB) stood at 0.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.02 million. The stock has fallen by -5.16% 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.
