Gerdau S.A. ADR (NYSE: GGB) has a price-to-earnings ratio of 5.65x that is above its average ratio. Additionally, the 36-month beta value for GGB is 1.75. 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 1.38B and currently, short sellers hold a 0.54% ratio of that float. The average trading volume of GGB on July 01, 2024 was 9.56M shares.
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GGB) stock’s latest price update
The stock price of Gerdau S.A. ADR (NYSE: GGB) has dropped by -1.36 compared to previous close of 3.30. Despite this, the company has seen a fall of -1.06% in its stock price over the last five trading days. zacks.com reported 2024-06-24 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GGB’s Market Performance
GGB’s stock has fallen by -1.06% in the past week, with a monthly drop of -6.73% and a quarterly drop of -11.23%. The volatility ratio for the week is 2.35% while the volatility levels for the last 30 days are 2.31% for Gerdau S.A. ADR The simple moving average for the past 20 days is 0.79% for GGB’s stock, with a -11.43% simple moving average for the past 200 days.
Analysts’ Opinion of GGB
Many brokerage firms have already submitted their reports for GGB stocks, with BofA Securities repeating the rating for GGB by listing it as a “Buy.” The predicted price for GGB in the upcoming period, according to BofA Securities is $5 based on the research report published on May 24, 2024 of the current year 2024.
GGB Trading at -6.69% 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 -35.37% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.82% lower at present.
During the last 5 trading sessions, GGB fell by -1.06%, which changed the moving average for the period of 200-days by -24.01% in comparison to the 20-day moving average, which settled at $3.22. In addition, Gerdau S.A. ADR saw -19.46% 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:
- 0.12 for the present operating margin
- 0.15 for the gross margin
The net margin for Gerdau S.A. ADR stands at 0.1. The total capital return value is set at 0.12. Equity return is now at value 12.87, with 8.48 for asset returns.
Based on Gerdau S.A. ADR (GGB), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 10.26.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 0.68. The receivables turnover for the company is 9.22for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In conclusion, Gerdau S.A. ADR (GGB) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
