Gerdau S.A. ADR (NYSE: GGB) kicked off on Monday, down -0.31% from the previous trading day, before settling in for the closing price of $3.27. Over the past 52 weeks, GGB has traded in a range of $2.27-$3.62.
During the last 5-year period, the sales growth of Basic Materials Sector giant was 23.21%. While this was happening, its average annual earnings per share was recorded -8.82%. With a float of $1.27 billion, this company’s outstanding shares have now reached $1.28 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 24.60%.
Gerdau S.A. ADR (GGB) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.68 earnings per share (EPS), lower than consensus estimate (set at 0.78) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.20% 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 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34. Likewise, its price to free cash flow for the trailing twelve months is 10.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.42 in one year’s time.
Technical Analysis of Gerdau S.A. ADR (GGB)
Looking closely at Gerdau S.A. ADR (NYSE: GGB), its last 5-days average volume was 23.86 million, which is a jump from its year-to-date volume of 12.04 million. As of the previous 9 days, the stock’s Stochastic %D was 92.14%.
During the past 100 days, Gerdau S.A. ADR’s (GGB) raw stochastic average was set at 97.01%, which indicates a significant increase from 92.00% 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 higher than the 0.07 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.05, while its 200-day Moving Average is $2.91. However, in the short run, Gerdau S.A. ADR’s stock first resistance to watch stands at $3.29. Second resistance stands at $3.32. The third major resistance level sits at $3.37. If the price goes on to break the first support level at $3.21, it is likely to go to the next support level at $3.16. Should the price break the second support level, the third support level stands at $3.13.
Gerdau S.A. ADR (NYSE: GGB) Key Stats
The company with the Market Capitalisation of 4.13 billion has total of 1,997,795K 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 3,093 M and last quarter income was 151,130 K.
