Gerdau S.A. ADR (NYSE:GGB) shares, rose in value on Wednesday, May 07, with the stock price down by -1.95% to the previous day’s close as strong demand from buyers drove the stock to $2.51.
Actively observing the price movement in the last trading, the stock closed the session at $2.56. The PE ratio was 8.88 over 12-month period. Referring to stock’s 52-week performance, its high was $4.04, and the low was $2.27. On the whole, GGB has fluctuated by 2.03% over the past month.
With the market capitalization of Gerdau S.A. ADR currently standing at about $3.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 5.70%.
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 100% 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 1.94, with the price of GGB currently trading nearly -2.28% and -8.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.55, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 3.85%. Furthermore, Gerdau S.A. ADR (GGB)’s beta value is 1.39, and its average true range (ATR) is 0.09.
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 -1.95% in last session, and over the past year, it shrunk by -33.95%%.
Data on historical trading for Gerdau S.A. ADR (NYSE:GGB) indicates that the trading volumes over the past 3 months, they’ve averaged 10.74 million. According to company’s latest data on outstanding shares, there are 1.31 billion shares outstanding.
Nearly 0.00% of Gerdau S.A. ADR’s shares belong to company insiders and institutional investors own 27.64% of the company’s shares. The stock has fallen by -12.85% 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.
