The stock of Gerdau S.A. ADR (GGB) has gone up by 2.33% for the week, with a 2.09% rise in the past month and a -10.20% drop in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are 2.33% for GGB. The simple moving average for the past 20 days is 2.03% for GGB’s stock, with a -7.17% simple moving average for the past 200 days.
Is It Worth Investing in Gerdau S.A. ADR (NYSE: GGB) Right Now?
Gerdau S.A. ADR (NYSE: GGB) has a price-to-earnings ratio that is above its average at 5.20x. The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GGB is 1.15B, and at present, short sellers hold a 0.20% of that float. On April 02, 2024, the average trading volume of GGB was 6.11M shares.
GGB) stock’s latest price update
Gerdau S.A. ADR (NYSE: GGB)’s stock price has plunge by -0.45relation to previous closing price of 4.42. Nevertheless, the company has seen a 2.33% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-28 that When it comes to finding the best value stocks to buy, sometimes you have to go against the grain. That is, dive into stocks that have fallen out of favor with the market, to assess whether investor sentiment is on the money, or an overreaction.
Analysts’ Opinion of GGB
JP Morgan, on the other hand, stated in their research note that they expect to see GGB reach a price target of $6, previously predicting the price at $7. The rating they have provided for GGB stocks is “Neutral” according to the report published on February 09th, 2023.
Citigroup gave a rating of “Buy” to GGB, setting the target price at $6.10 in the report published on November 12th of the previous year.
GGB Trading at 2.36% 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 -27.20% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -2.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.77% upper at present.
During the last 5 trading sessions, GGB rose by +2.33%, which changed the moving average for the period of 200-days by -14.56% in comparison to the 20-day moving average, which settled at $4.31. In addition, Gerdau S.A. ADR saw -9.28% 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:
- 0.15 for the present operating margin
- 0.16 for the gross margin
The net margin for Gerdau S.A. ADR stands at 0.11. The total capital return value is set at 0.17. Equity return is now at value 15.82, with 10.13 for asset returns.
Based on Gerdau S.A. ADR (GGB), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 12.56.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at 0.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 10.03for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
To sum up, Gerdau S.A. ADR (GGB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
