Currently, there are 1.38B common shares owned by the public and among those 1.38B shares have been available to trade.
The company’s stock has a 5-day price change of -5.71% and -2.65% over the past three months. GGB shares are trading -18.35% year to date (YTD), with the 12-month market performance down to -9.10% lower. It has a 12-month low price of $2.92 and touched a high of $4.13 over the same period. GGB has an average intraday trading volume of 7.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.41%, 0.02%, and -5.21% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of Gerdau S.A. ADR (NYSE: GGB) shares accounts for 25.00% of the company’s 1.38B shares outstanding.
It has a market capitalization of $4.56B and a beta (3y monthly) value of 1.73. The stock’s trailing 12-month PE ratio is 7.34, while the earnings-per-share (ttm) stands at $0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.61% over the week and 2.24% over the month.
Earnings per share for the fiscal year are expected to decrease by -33.07%, and 1.23% over the next financial year. EPS should shrink at an annualized rate of -1.40% over the next five years, compared to 19.48% over the past 5-year period.
Looking at the support for the GGB, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on May 24, 2024, with the firm’s price target at $4.50-$5. BofA Securities was of a view on November 20, 2023 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on February 09, 2023, issuing a price target of $7- $6. Citigroup on their part issued Buy rating on November 12, 2021.
