Gerdau S.A. ADR (NYSE: GGB) kicked off on Monday, down -1.68% from the previous trading day, before settling in for the closing price of $2.98. Over the past 52 weeks, GGB has traded in a range of $2.27-$3.62.
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Annual sales at Basic Materials sector company grew by 23.21% over the past five years. While this was happening, its average annual earnings per share was recorded -8.22%. With a float of $1.29 billion, this company’s outstanding shares have now reached $1.31 billion.
In terms of profitability, gross margin is 12.8%, operating margin of 8.85%, and the pretax margin is 6.25%.
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 24.65%.
Gerdau S.A. ADR (GGB) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.77% 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
Take a look at Gerdau S.A. ADR’s (GGB) current performance indicators. Last quarter, stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31. Likewise, its price to free cash flow for the trailing twelve months is 6.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.42 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 20.43 million, a positive change from its year-to-date volume of 11.92 million. As of the previous 9 days, the stock’s Stochastic %D was 37.55%.
During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 69.47%, which indicates a significant increase from 37.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.07 in the past 14 days, which was lower than the 0.08 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.85, while its 200-day Moving Average is $3.00. Nevertheless, the first resistance level for the watch stands at $2.99 in the near term. At $3.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.07. If the price goes on to break the first support level at $2.90, it is likely to go to the next support level at $2.87. Assuming the price breaks the second support level, the third support level stands at $2.82.
Gerdau S.A. ADR (NYSE: GGB) Key Stats
The company with the Market Capitalisation of 3.77 billion has total of 2,078,805K Shares Outstanding. Its annual sales at the moment are 12,427 M in contrast with the sum of 846,600 K annual income. Company’s last quarter sales were recorded 2,966 M and last quarter income was 127,940 K.
