Gerdau S.A. ADR (NYSE: GGB) has a higher price-to-earnings ratio of 5.51x compared to its average ratio, and the 36-month beta value for GGB is at 1.74. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”

The average price suggested by analysts for GGB is $6.20, which is $1.18 above the current market price. The public float for GGB is 1.15B, and currently, shorts hold a 1.00% of that float. The average trading volume for GGB on November 20, 2023 was 5.84M shares.

GGB) stock’s latest price update

Gerdau S.A. ADR (NYSE: GGB)’s stock price has soared by 0.60 in relation to previous closing price of 4.99. Nevertheless, the company has seen a gain of 4.15% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-07 that Gerdau S.A. (NYSE:GGB ) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Renata Oliva Battiferro – Head of Investor Relations Gustavo Werneck – Chief Executive Officer Rafael Japur – Chief Financial Officer Conference Call Participants Edgard Pinto de Souza – Itaú BBA Leonardo Correa – BTG Pactual Lucas Laghi – XP Gabriel Simoes – Goldman Sachs Renata Oliva Battiferro Good afternoon, everyone, and welcome to Investor Relations and our Presentation for the Third Quarter of 2023.

GGB’s Market Performance

Gerdau S.A. ADR (GGB) has seen a 4.15% rise in stock performance for the week, with a 17.02% gain in the past month and a 1.62% surge in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 2.18% for GGB. The simple moving average for the past 20 days is 9.77% for GGB’s stock, with a 0.19% simple moving average for the past 200 days.

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 7.48% 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 -19.16% of loss for the given period.

Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares surge +17.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.40% lower at present.

During the last 5 trading sessions, GGB rose by +4.15%, which changed the moving average for the period of 200-days by -13.87% in comparison to the 20-day moving average, which settled at $4.61. In addition, Gerdau S.A. ADR saw -2.89% in overturn over a single year, with a tendency to cut further losses.

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. ADR 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 16.69, with 10.68 for asset returns.

Based on Gerdau S.A. ADR (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 0.71, 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

In conclusion, Gerdau S.A. ADR (GGB) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.