Gerdau S.A. ADR (NYSE: GGB) kicked off on Friday, up 1.47% from the previous trading day, before settling in for the closing price of $3.41. Over the past 52 weeks, GGB has traded in a range of $2.92-$4.13.
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A company in the Basic Materials sector has jumped its sales by 6.28% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -34.90%. With a float of $1.34 billion, this company’s outstanding shares have now reached $1.38 billion.
In terms of profitability, gross margin is 13.58%, operating margin of 10.31%, and the pretax margin is 8.77%.
Gerdau S.A. ADR (GGB) Insider Updates
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 25.68%.
Gerdau S.A. ADR (GGB) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.34 earnings per share (EPS), lower than consensus estimate (set at 0.49) by -0.15.
According to the Wall Street analysts, stocks earnings will be around -34.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.40% 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 1.53. 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 5.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of Gerdau S.A. ADR (GGB)
Let’s dig in a bit further. During the last 5-days, its volume was 7.55 million. That was inferior than the volume of 8.39 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 63.22%. Additionally, its Average True Range was 0.10.
During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 77.14%, which indicates a significant increase from 70.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.39% in the past 14 days, which was higher than the 36.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.33, while its 200-day Moving Average is $3.42. However, in the short run, Gerdau S.A. ADR’s stock first resistance to watch stands at $3.50. Second resistance stands at $3.53. The third major resistance level sits at $3.58. If the price goes on to break the first support level at $3.42, it is likely to go to the next support level at $3.37. Assuming the price breaks the second support level, the third support level stands at $3.34.
Gerdau S.A. ADR (NYSE: GGB) Key Stats
The company with the Market Capitalisation of 4.62 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 3,133 M and last quarter income was 242,940 K.
