Currently, there are 1.31B common shares owned by the public and among those 1.29B shares have been available to trade.
The company’s stock has a 5-day price change of 10.92% and 9.38% over the past three months. GGB shares are trading 9.37% year to date (YTD), with the 12-month market performance down to -3.96% lower. It has a 12-month low price of $2.27 and touched a high of $3.62 over the same period. GGB has an average intraday trading volume of 11.49 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 11.46%, 17.07%, and 3.65% respectively.
Institutional ownership of Gerdau S.A. ADR (NYSE: GGB) shares accounts for 24.65% of the company’s 1.31B shares outstanding.
It has a market capitalization of $4.05B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 11.15, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 1.99 and a Quick Ratio of 1.28 with the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.90% over the week and 3.03% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.73%, and 20.51% over the next financial year. EPS should shrink at an annualized rate of 5.59% over the next five years, compared to 23.21% over the past 5-year period.
UBS was of a view on March 12, 2025 that the stock is Neutral, while BofA Securities gave the stock Buy rating on May 24, 2024, issuing a price target of $4.50- $5. JP Morgan on their part issued Overweight rating on April 15, 2024.
