On Monday, Gerdau S.A. ADR (NYSE: GGB) opened higher 3.24% from the last session, before settling in for the closing price of $4.32. Price fluctuations for GGB have ranged from $4.11 to $6.04 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 6.28%. Company’s average yearly earnings per share was noted -38.27% at the time writing. With a float of $1.15 billion, this company’s outstanding shares have now reached $1.15 billion.
Gerdau S.A. ADR (GGB) Insider Activity
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of Gerdau S.A. ADR is 0.00%, while institutional ownership is 25.62%.
Gerdau S.A. ADR (GGB) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 24.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.46% during the next five years compared to 19.49% growth over the previous five years of trading.
Gerdau S.A. ADR (NYSE: GGB) Trading Performance Indicators
Check out the current performance indicators for Gerdau S.A. ADR (GGB). In the past quarter, the stock posted a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.37. Likewise, its price to free cash flow for the trailing twelve months is 4.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.85, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.54 in one year’s time.
Technical Analysis of Gerdau S.A. ADR (GGB)
Looking closely at Gerdau S.A. ADR (NYSE: GGB), its last 5-days average volume was 9.75 million, which is a jump from its year-to-date volume of 6.57 million. As of the previous 9 days, the stock’s Stochastic %D was 30.00%. Additionally, its Average True Range was 0.13.
During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 42.94%, which indicates a significant decrease from 52.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.28% in the past 14 days, which was lower than the 30.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.34, while its 200-day Moving Average is $4.75. However, in the short run, Gerdau S.A. ADR’s stock first resistance to watch stands at $4.54. Second resistance stands at $4.62. The third major resistance level sits at $4.71. If the price goes on to break the first support level at $4.37, it is likely to go to the next support level at $4.28. Should the price break the second support level, the third support level stands at $4.20.
Gerdau S.A. ADR (NYSE: GGB) Key Stats
There are currently 1,757,067K shares outstanding in the company with a market cap of 5.12 billion. Presently, the company’s annual sales total 13,804 M according to its annual income of 1,503 M. Last quarter, the company’s sales amounted to 2,987 M and its income totaled 130,020 K.
