The price-to-earnings ratio for Gerdau S.A. ADR (NYSE: GGB) is above average at 5.32x. The 36-month beta value for GGB is also noteworthy at 1.74. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GGB is 1.15B, and at present, short sellers hold a 0.20% of that float. The average trading volume of GGB on April 08, 2024 was 6.40M shares.
GGB) stock’s latest price update
The stock of Gerdau S.A. ADR (NYSE: GGB) has decreased by -1.10 when compared to last closing price of 4.55.Despite this, the company has seen a gain of 1.81% in its stock price over the last five trading days. InvestorPlace reported 2024-04-07 that Investors should keep their eyes on these best penny stocks to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.
GGB’s Market Performance
GGB’s stock has risen by 1.81% in the past week, with a monthly rise of 4.65% and a quarterly drop of -4.66%. The volatility ratio for the week is 2.95% while the volatility levels for the last 30 days are 2.59% for Gerdau S.A. ADR. The simple moving average for the past 20 days is 3.94% for GGB’s stock, with a -4.77% simple moving average for the past 200 days.
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 4.27% 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 -25.54% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, GGB rose by +1.81%, which changed the moving average for the period of 200-days by -15.73% in comparison to the 20-day moving average, which settled at $4.34. In addition, Gerdau S.A. ADR saw -7.22% 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 0.71. 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
In summary, Gerdau S.A. ADR (GGB) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
