Do You Still Have A Reason To Buy Gerdau S.A. (NYSE: GGB) After A -10.57% Drop In The Last Week? – Marketing Sentinel
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Do You Still Have A Reason To Buy Gerdau S.A. (NYSE: GGB) After A -10.57% Drop In The Last Week?

During the recent session, Gerdau S.A. (NYSE:GGB)’s traded shares were 6.57 million, with the beta value of the company hitting 1.58. At the last check today, the stock’s price was $4.30, reflecting an intraday loss of -2.16% or -$0.1. The 52-week high for the GGB share is $6.48, that puts it down -50.7 from that peak though still a striking 4.65% gain since the share price plummeted to a 52-week low of $4.10. The company’s market capitalization is $7.70B, and the average intraday trading volume over the past 10 days was 19.93 million shares, and the average trade volume was 15.75 million shares over the past three months.

Gerdau S.A. (NYSE:GGB) trade information

Gerdau S.A. (GGB) registered a -2.16% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.16% in intraday trading to $4.30 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -10.57%, and it has moved by -23.34% in 30 days. Based on these gigs, the overall price performance for the year is -22.82%. The short interest in Gerdau S.A. (NYSE:GGB) is 14.96 million shares and it means that shorts have 1.12 day(s) to cover.

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Gerdau S.A. (GGB) estimates and forecasts

Statistics show that Gerdau S.A. has underperformed its competitors in share price, compared to the industry in which it operates. Gerdau S.A. (GGB) shares have gone down -4.74% during the last six months, with a year-to-date growth rate less than the industry average at -6.55% against -1.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 45.70% this quarter and then drop -23.40% in the quarter after that. In the rating firms’ projections, revenue will increase 10.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $4.18 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $4.12 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.5 billion and $3.7 billion respectively. In this case, analysts expect current quarter sales to grow by 19.20% and then jump by 11.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 49.10%. While earnings are projected to return 553.30% in 2022, the next five years will return 5.33% per annum.

GGB Dividends

Gerdau S.A. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Gerdau S.A. is 0.62, with the dividend yield indicating at 14.18 percent, continuing the trend of increasing dividends in recent years.

Gerdau S.A. (NYSE:GGB)’s Major holders

Gerdau S.A. insiders own 0.00% of total outstanding shares while institutional holders control 22.15%, with the float percentage being 22.15%. Capital International Investors is the largest shareholder of the company, while 239 institutions own stock in it. As of Dec 30, 2021, the company held over 97.12 million shares (or 8.47% of all shares), a total value of $477.82 million in shares.

The next largest institutional holding, with 23.14 million shares, is of Contrarian Capital Management, LLC’s that is approximately 2.02% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $113.84 million.

Also, the Mutual Funds coming in first place with the largest holdings of Gerdau S.A. (GGB) shares are New Perspective Fund Inc and New World Fund, Inc. Data provided on Dec 30, 2021 indicates that New Perspective Fund Inc owns about 55.79 million shares. This amounts to just over 4.87 percent of the company’s overall shares, with a $274.49 million market value. The same data shows that the other fund manager holds slightly less at 29.33 million, or about 2.56% of the stock, which is worth about $153.4 million.

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