Gerdau S.A. ADR (GGB) concluded trading on Thursday at a closing price of $2.89, with 14.76 million shares of worth about $42.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.35% during that period and on February 20, 2025 the price saw a loss of about -4.93%. Currently the company’s common shares owned by public are about 1.32B shares, out of which, 1.31B shares are available for trading.
Stock saw a price change of -4.30% in past 5 days and over the past one month there was a price change of -1.37%. Year-to-date (YTD), GGB shares are showing a performance of 0.35% which decreased to -18.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.67 but also hit the highest price of $4.04 during that period. The average intraday trading volume for Gerdau S.A. ADR shares is 9.55 million. The stock is currently trading -2.81% below its 20-day simple moving average (SMA20), while that difference is down -3.96% for SMA50 and it goes to -11.38% lower than SMA200.
Gerdau S.A. ADR (NYSE: GGB) currently have 1.32B outstanding shares and institutions hold larger chunk of about 26.66% of that.
The stock has a current market capitalization of $3.79B and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 7.55, while it has posted earnings per share of $0.38 in the same period. Its PEG reads 1.94 and has Quick Ratio of 1.49 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GGB, volatility over the week remained 3.22% while standing at 2.75% over the month.
Stock’s fiscal year EPS is expected to drop by -0.25% while it is estimated to decrease by -0.82% in next year. EPS is likely to shrink at an annualized rate of 3.90% for next 5-years, compared to annual growth of 23.21% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on May 24, 2024 offering a Buy rating for the stock and assigned a target price range of between $4.50 and $5 to it. On November 20, 2023, BofA Securities Downgrade their recommendations, while on February 09, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $6. Stock get a Buy rating from Citigroup on November 12, 2021.
