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 -2.20% and 2.64% over the past three months. GGB shares are trading -23.05% year to date (YTD), with the 12-month market performance down to -17.13% 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 8.12 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 -3.30%, -5.74%, and -9.34% respectively.
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Institutional ownership of Gerdau S.A. ADR (NYSE: GGB) shares accounts for 24.93% of the company’s 1.38B shares outstanding.
It has a market capitalization of $4.30B and a beta (3y monthly) value of 1.72. The stock’s trailing 12-month PE ratio is 6.92, 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 1.67% over the week and 1.93% over the month.
Analysts forecast that Gerdau S.A. ADR (GGB) will achieve an EPS of 0.13 for the current quarter, 0.11 for the next quarter and 0.5 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.87%, and 3.17% 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.
