In recent trading session, Gerdau S.A. ADR (NYSE:GGB) saw 2.12 million shares changing hands at last check today with its beta currently measuring 1.74. Company’s recent per share price level of $4.34 trading at -$0.14 or -3.16% at last check today assigns it a market valuation of $4.98B. That most recent trading price of GGB’s stock is at a discount of -39.17% from its 52-week high price of $6.04 and is indicating a premium of 5.3% from its 52-week low price of $4.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.3 million shares which gives us an average trading volume of 6.38 million if we extend that period to 3-months.
Gerdau S.A. ADR (NYSE:GGB) trade information
Upright in the red during last session for losing -3.16%, in the last five days GGB remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $4.34 price level, adding 6.47% to its value on the day. Gerdau S.A. ADR’s shares saw a change of -10.55% in year-to-date performance and have moved -3.59% in past 5-day. Gerdau S.A. ADR (NYSE:GGB) showed a performance of -1.17% in past 30-days. Number of shares sold short was 2.94 million shares which calculate 0.29 days to cover the short interests.
Gerdau S.A. ADR (GGB) estimates and forecasts
Statistics highlight that Gerdau S.A. ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -0.41% of value to its shares in past 6 months, showing an annual growth rate of -32.94% while that of industry is -10.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -53.60% in the current quarter and calculating -41.70% decrease in the next quarter. This year revenue growth is estimated to fall -0.10% from the last financial year’s standing.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.49% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -38.92% while estimates for its earnings growth in next 5 years are of -3.46%.
GGB Dividends
Gerdau S.A. ADR is more likely to be releasing its next quarterly report in May and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Gerdau S.A. ADR (NYSE:GGB)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 25.07 percent of that, with stock having share float percentage of 25.07%. Investors also watch the number of corporate investors in a company very closely, which is 25.07% institutions for Gerdau S.A. ADR that are currently holding shares of the company. Capital International Investors is the top institutional holder at GGB for having 98.25 million shares of worth $512.84 million. And as of Jun 29, 2023, it was holding 8.49% of the company’s outstanding shares.
The second largest institutional holder is Acadian Asset Management. LLC, which was holding about 26.4 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.28% of outstanding shares, having a total worth of $137.78 million.
On the other hand, New Perspective Fund Inc and New World Fund, Inc. are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 41.24 million shares of worth $215.29 million or 3.57% of the total outstanding shares. The later fund manager was in possession of 36.41 million shares on Jul 30, 2023, making its stake of worth around $223.92 million in the company or a holder of 3.15% of company’s stock.
