Gerdau S.A. ADR (NYSE:GGB) price is hovering higher on Monday, April 15, jumping 4.17% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $4.32. The company’s P/E ratio in the trailing 12-month period read 5.32. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.04 and 52-week low of $4.11. The stock added 6.13% on its value in the past month.
Gerdau S.A. ADR, which has a market valuation of $5.17 billion. The company stock has a Forward Dividend ratio of 0.02, while the dividend yield is 0.44%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GGB a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that GGB’s price is at present 2.37% off the SMA20 and 3.85% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.92, with weekly volatility standing at 2.46%. The indicator jumps to 2.68% when calculated based on the past 30 days. Gerdau S.A. ADR (NYSE:GGB)’s beta value is holding at 1.74, while the average true range (ATR) indicator is currently reading 0.12.
An analysis of the Gerdau S.A. ADR (NYSE:GGB) stock in terms of its daily trading volume indicates that the 3-month average is 6.43 million.
Current records show that the company has 1.15B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 25.62%. But the -7.22% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
