In the past week, GGB stock has gone up by 6.75%, with a monthly gain of 7.08% and a quarterly surge of 5.45%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 2.36% for Gerdau S.A. ADR The simple moving average for the past 20 days is 5.17% for GGB’s stock, with a -0.80% 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 higher price-to-earnings ratio of 7.74x compared to its average ratio. GGB has 36-month beta value of 1.73. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for GGB is 1.38B, and currently, short sellers hold a 0.46% ratio of that float. The average trading volume of GGB on September 30, 2024 was 6.20M shares.
GGB) stock’s latest price update
Gerdau S.A. ADR (NYSE: GGB)’s stock price has decreased by 0.00 compared to its previous closing price of 3.48. However, the company has seen a 6.75% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-03 that Gerdau S.A. is significantly undervalued, benefiting from the automotive industry growth, electric vehicle development, and electrical transmission renovation globally. The company has a strong financial position, with increasing tangible book value per share, positive net income, and long-term free cash flow growth. GGB’s strategic asset sales and resource reallocation enhance its financials, while currency advantages from the Brazilian real’s decline further improve profitability.
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 6.99% 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 -15.72% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +5.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.19% upper at present.
During the last 5 trading sessions, GGB rose by +6.75%, which changed the moving average for the period of 200-days by -8.62% in comparison to the 20-day moving average, which settled at $3.32. In addition, Gerdau S.A. ADR saw -13.90% 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:
- 0.11 for the present operating margin
- 0.14 for the gross margin
The net margin for Gerdau S.A. ADR stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 10.14, with 6.76 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 0.56. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 9.14.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at 0.9. 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 8.25for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.
Conclusion
To put it simply, Gerdau S.A. ADR (GGB) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
