A major move is in the offing as Gerdau S.A. ADR (GGB) market cap hits 4.98 billion

Gerdau S.A. ADR (NYSE: GGB) on Friday, soared 1.98% from the previous trading day, before settling in for the closing price of $3.53. Within the past 52 weeks, GGB’s price has moved between $3.42 and $5.04.

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Basic Materials Sector giant saw their annual sales surged by 6.28% over the last five years. The company achieved an average annual earnings per share of -32.84%. 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

Observing investor behavior towards Steel industry stocks is more important than anything else. The insider ownership of Gerdau S.A. ADR is 0.00%, while institutional ownership is 24.89%.

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

As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.2 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.23) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -32.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.50% 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

Gerdau S.A. ADR (GGB) is currently performing well based on its current performance indicators. A quick ratio of 1.29 was reported for the most recent quarter. 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 6.96.

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 0.48 in one year’s time.

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

Analysing the last 5-days average volume posted by the [Gerdau S.A. ADR, GGB], we can find that recorded value of 9.89 million was better than the volume posted last year of 8.83 million. As of the previous 9 days, the stock’s Stochastic %D was 7.89%. Additionally, its Average True Range was 0.12.

During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 28.12%, which indicates a significant increase from 17.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.89% in the past 14 days, which was lower than the 34.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.67, while its 200-day Moving Average is $3.81. Now, the first resistance to watch is $3.65. This is followed by the second major resistance level at $3.69. The third major resistance level sits at $3.73. If the price goes on to break the first support level at $3.57, it is likely to go to the next support level at $3.53. Should the price break the second support level, the third support level stands at $3.49.

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

Market capitalization of the company is 4.98 billion based on 2,108,480K outstanding shares. Right now, sales total 13,804 M and income totals 1,503 M. The company made 3,273 M in profit during its latest quarter, and 412,640 K in sales during its previous quarter.