Gerdau S.A. ADR (NYSE:GGB) shares, rose in value, with the stock price down by -2.73% to the previous day’s close as strong demand from buyers drove the stock to $3.56.
Actively observing the price movement in the last trading, the stock closed the session at $3.66. The PE ratio was 5.05 over 12-month period. Referring to stock’s 52-week performance, its high was $5.04, and the low was $3.42. On the whole, GGB has fluctuated by -0.65% over the past month.
The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.56%.
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 25% 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 PEG ratio is about 0, with the price of GGB currently trading nearly -3.51% and -1.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.94, while the 7-day volatility ratio is showing 4.00% which for the 30-day chart, stands at 3.02%. Furthermore, Gerdau S.A. ADR (GGB)’s beta value is 1.73, and its average true range (ATR) is 0.13.
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 -2.73% in last session, and over the past year, it shrunk by -10.22%%.
Data on historical trading for Gerdau S.A. ADR (NYSE:GGB) indicates that the trading volumes over the past 3 months, they’ve averaged 8.37 million. According to company’s latest data on outstanding shares, there are 1.38 billion shares outstanding.
Nearly 0.00% of Gerdau S.A. ADR’s shares belong to company insiders and institutional investors own 25.61% of the company’s shares. The stock has fallen by -11.92% 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.
