Gerdau S.A. ADR (NYSE: GGB) on Friday, soared 1.16% from the previous trading day, before settling in for the closing price of $3.45. Within the past 52 weeks, GGB’s price has moved between $2.27 and $3.62.
Annual sales at Basic Materials sector company grew by 23.21% over the past five years. The company achieved an average annual earnings per share of -12.67%. With a float of $1.25 billion, this company’s outstanding shares have now reached $1.28 billion.
Gerdau S.A. ADR (GGB) Insider and Institutional Ownership
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 24.64%.
Gerdau S.A. ADR (GGB) Latest Financial update
As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.31 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.34) by -0.03.
According to the Wall Street analysts, stocks earnings will be around -12.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.36% during the next five years compared to 23.21% 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 1.50 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 10.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Gerdau S.A. ADR (GGB)
Gerdau S.A. ADR (NYSE: GGB) saw its 5-day average volume 23.96 million, a positive change from its year-to-date volume of 13.18 million. As of the previous 9 days, the stock’s Stochastic %D was 66.92%.
During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 85.19%, which indicates a significant increase from 72.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.08 in the past 14 days, which was higher than the 0.08 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.19, while its 200-day Moving Average is $2.95. Nevertheless, the first resistance level for the watch stands at $3.53 in the near term. At $3.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.63. If the price goes on to break the first support level at $3.43, it is likely to go to the next support level at $3.37. The third support level lies at $3.33 if the price breaches the second support level.
Gerdau S.A. ADR (NYSE: GGB) Key Stats
Market capitalization of the company is 4.42 billion based on 1,997,795K outstanding shares. Right now, sales total 12,427 M and income totals 846,600 K. The company made 3,093 M in profit during its latest quarter, and 151,130 K in sales during its previous quarter.
