During the last session, Gerdau S.A. ADR (NYSE:GGB)’s traded shares were 6.47 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $3.26, reflecting an intraday loss of -0.91% or -$0.03. The 52-week high for the GGB share is $4.38, that puts it down -34.36 from that peak though still a striking 10.43% gain since the share price plummeted to a 52-week low of $2.92. The company’s market capitalization is $4.51B, and the average intraday trading volume over the past 10 days was 5.37 million shares, and the average trade volume was 6.29 million shares over the past three months.
Gerdau S.A. ADR (GGB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.18. GGB has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.17.
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Gerdau S.A. ADR (NYSE:GGB) trade information
Gerdau S.A. ADR (GGB) registered a -0.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.91% in intraday trading to $3.26, hitting a weekly high. The stock’s 5-day price performance is -2.40%, and it has moved by 2.84% in 30 days. Based on these gigs, the overall price performance for the year is -24.49%. The short interest in Gerdau S.A. ADR (NYSE:GGB) is 6.19 million shares and it means that shorts have 0.93 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.71, which implies an increase of 62.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.707482993197278 and $8.707482993197278 respectively. As a result, GGB is trading at a discount of -167.1% off the target high and -167.1% off the low.
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 -12.87% during the last six months, with a year-to-date growth rate less than the industry average at -30.99% against -23.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 30.80% this quarter and then jump 116.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.40% 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 19.48%. While earnings are projected to return -34.30% in 2024, the next five years will return -1.40% per annum.
GGB Dividends
Gerdau S.A. ADR is due to release its next quarterly earnings on 2024-Nov-05. 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 0.10, with the dividend yield indicating at 2.95 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.7%.
Gerdau S.A. ADR (NYSE:GGB)’s Major holders
The next largest institutional holding, with 77.17 million shares, is of CAPITAL INTERNATIONAL INVESTORS’s that is approximately 3.0605% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $254.66 million.
