In the past week, GGB stock has gone up by 0.68%, with a monthly gain of 1.67% and a quarterly plunge of -3.08%. The volatility ratio for the week is 1.63%, and the volatility levels for the last 30 days are 2.02% for Gerdau S.A. The simple moving average for the last 20 days is 1.00% for GGB’s stock, with a simple moving average of -0.86% for the last 200 days.
Is It Worth Investing in Gerdau S.A. (NYSE: GGB) Right Now?
The price-to-earnings ratio for Gerdau S.A. (NYSE: GGB) is 4.65x, which is above its average ratio. Moreover, the 36-month beta value for GGB is 1.64. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Gerdau S.A. (GGB) is $6.64, which is $1.52 above the current market price. The public float for GGB is 1.17B and currently, short sellers hold a 0.99% of that float. On September 18, 2023, GGB’s average trading volume was 6.71M shares.
GGB) stock’s latest price update
Gerdau S.A. (NYSE: GGB) has experienced a decline in its stock price by -1.05 compared to its previous closing price of 5.24. However, the company has seen a gain of 0.68% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-28 that “Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed.” —YCharts Value Screener. 69 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 55 met the dogcatcher ridiculous ideal of dividends from $1K invested exceeding single share stock prices. Representing nine of eleven Morningstar Sectors, all 55 ideal value picks pay regular dividends. Broker target top ten net gains ranged 31.64%-73.39%, topped by PDM & PANL, as of 8/24/23.
Analysts’ Opinion of GGB
Many brokerage firms have already submitted their reports for GGB stocks, with JP Morgan repeating the rating for GGB by listing it as a “Neutral.” The predicted price for GGB in the upcoming period, according to JP Morgan is $6 based on the research report published on February 09, 2023 of the current year 2023.
GGB Trading at -4.30% from the 50-Day Moving Average
After a stumble in the market that brought GGB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.50% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +1.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.17% lower at present.
During the last 5 trading sessions, GGB rose by +0.78%, which changed the moving average for the period of 200-days by -7.95% in comparison to the 20-day moving average, which settled at $5.14. In addition, Gerdau S.A. saw 0.31% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GGB
Current profitability levels for the company are sitting at:
- +20.10 for the present operating margin
- +22.75 for the gross margin
The net margin for Gerdau S.A. stands at +13.86. The total capital return value is set at 28.14, while invested capital returns managed to touch 20.42. Equity return is now at value 19.80, with 12.60 for asset returns.
Based on Gerdau S.A. (GGB), the company’s capital structure generated 29.57 points at debt to equity in total, while total debt to capital is 22.82. Total debt to assets is 18.48, with long-term debt to equity ratio resting at 22.21. Finally, the long-term debt to capital ratio is 17.14.
When we switch over and look at the enterprise to sales, we see a ratio of 0.70, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 10.62 and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
To wrap up, the performance of Gerdau S.A. (GGB) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
