Gerdau S.A. ADR (GGB) is expecting 7.38% growth in the next quarter: What can investors do to maximize their returns?

Gerdau S.A. ADR (NYSE: GGB) kicked off on Monday, up 0.79% from the previous trading day, before settling in for the closing price of $3.80. Over the past 52 weeks, GGB has traded in a range of $3.42-$5.04.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 6.28%. While this was happening, its average annual earnings per share was recorded -33.17%. With a float of $1.38 billion, this company’s outstanding shares have now reached $1.38 billion.

Gerdau S.A. ADR (GGB) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. The insider ownership of Gerdau S.A. ADR is 0.00%, while institutional ownership is 25.45%.

Gerdau S.A. ADR (GGB) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported 0.22 earnings per share (EPS), lower than consensus estimate (set at 0.26) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -33.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.48% during the next five years compared to 19.48% growth over the previous five years of trading.

Gerdau S.A. ADR (NYSE: GGB) Trading Performance Indicators

Take a look at Gerdau S.A. ADR’s (GGB) current performance indicators. Last quarter, stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39. Likewise, its price to free cash flow for the trailing twelve months is 7.41.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.58, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.47 in one year’s time.

Technical Analysis of Gerdau S.A. ADR (GGB)

Compared to the last year’s volume of 8.46 million, its volume of 12.86 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 66.78%. 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 59.63%, which indicates a significant decrease from 83.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.49% in the past 14 days, which was higher than the 33.27% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.63, while its 200-day Moving Average is $3.89. Nevertheless, the first resistance level for the watch stands at $3.88 in the near term. At $3.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.96. If the price goes on to break the first support level at $3.80, it is likely to go to the next support level at $3.77. Should the price break the second support level, the third support level stands at $3.72.

Gerdau S.A. ADR (NYSE: GGB) Key Stats

The company with the Market Capitalisation of 5.30 billion has total of 2,108,480K Shares Outstanding. Its annual sales at the moment are 13,804 M in contrast with the sum of 1,503 M annual income. Company’s last quarter sales were recorded 2,987 M and last quarter income was 130,020 K.