Currently, there are 1.32B common shares owned by the public and among those 1.30B shares have been available to trade.
The company’s stock has a 5-day price change of 5.59% and -13.71% over the past three months. GGB shares are trading 4.86% year to date (YTD), with the 12-month market performance down to -17.45% lower. It has a 12-month low price of $2.67 and touched a high of $4.04 over the same period. GGB has an average intraday trading volume of 10.49 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 4.43%, 3.92%, and -5.29% respectively.
Institutional ownership of Gerdau S.A. ADR (NYSE: GGB) shares accounts for 26.98% of the company’s 1.32B shares outstanding.
It has a market capitalization of $3.92B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 7.89, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 1.20 and a Quick Ratio of 1.49 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 3.25% over the month.
Earnings per share for the fiscal year are expected to increase by 13.33%, and 0.99% over the next financial year. EPS should shrink at an annualized rate of 6.57% over the next five years, compared to 23.21% over the past 5-year period.
BofA Securities coverage for the Gerdau S.A. ADR (GGB) stock in a research note released on May 24, 2024 offered a Buy rating with a price target of $5. JP Morgan on their part issued Neutral rating on February 09, 2023.
