During the last session, Gerdau S.A. ADR (NYSE:GGB)’s traded shares were 10.5 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $4.16, reflecting an intraday loss of -1.89% or -$0.08. The 52-week high for the GGB share is $6.04, that puts it down -45.19 from that peak though still a striking 1.2% gain since the share price plummeted to a 52-week low of $4.11. The company’s market capitalization is $4.78B, and the average intraday trading volume over the past 10 days was 7.93 million shares, and the average trade volume was 6.03 million shares over the past three months.
Gerdau S.A. ADR (NYSE:GGB) trade information
Gerdau S.A. ADR (GGB) registered a -1.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.89% in intraday trading to $4.16, hitting a weekly high. The stock’s 5-day price performance is -1.89%, and it has moved by 0.24% in 30 days. Based on these gigs, the overall price performance for the year is -5.33%. The short interest in Gerdau S.A. ADR (NYSE:GGB) is 2.94 million shares and it means that shorts have 0.79 day(s) to cover.
Gerdau S.A. ADR (GGB) estimates and forecasts
Statistics show that Gerdau S.A. ADR has underperformed its competitors in share price, compared to the industry in which it operates. Gerdau S.A. ADR (GGB) shares have gone down -19.55% during the last six months, with a year-to-date growth rate less than the industry average at -30.47% against -11.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -53.60% this quarter and then drop -41.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.20% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.49%. While earnings are projected to return -43.46% in 2024, the next five years will return -3.46% per annum.
GGB Dividends
Gerdau S.A. ADR is due to release its next quarterly earnings in April. 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. ADR is 0.14, with the dividend yield indicating at 3.39 percent, continuing the trend of increasing dividends in recent years.
Gerdau S.A. ADR (NYSE:GGB)’s Major holders
Gerdau S.A. ADR insiders own 0.00% of total outstanding shares while institutional holders control 25.08%, with the float percentage being 25.08%. Capital International Investors is the largest shareholder of the company, while 259 institutions own stock in it. As of Jun 29, 2023, the company held over 98.25 million shares (or 8.49% of all shares), a total value of $512.84 million in shares.
The next largest institutional holding, with 26.4 million shares, is of Acadian Asset Management. LLC’s that is approximately 2.28% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $137.78 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gerdau S.A. ADR (GGB) shares are New Perspective Fund Inc and New World Fund, Inc.. Data provided on Jun 29, 2023 indicates that New Perspective Fund Inc owns about 41.24 million shares. This amounts to just over 3.57 percent of the company’s overall shares, with a $215.29 million market value. The same data shows that the other fund manager holds slightly less at 36.41 million, or about 3.15% of the stock, which is worth about $223.92 million.
