The price-to-earnings ratio for Gerdau S.A. ADR (NYSE: GGB) is 7.40x, which is above its average ratio. Moreover, the 36-month beta value for GGB is 1.73. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for GGB is 1.38B and currently, short sellers hold a 0.29% of that float. On October 11, 2024, GGB’s average trading volume was 7.06M shares.
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GGB) stock’s latest price update
The stock of Gerdau S.A. ADR (NYSE: GGB) has decreased by -3.29 when compared to last closing price of 3.44. Despite this, the company has experienced a -4.95% fall 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.
GGB’s Market Performance
Gerdau S.A. ADR (GGB) has experienced a -4.95% fall in stock performance for the past week, with a 0.20% rise in the past month, and a -1.86% drop in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.19% for GGB. The simple moving average for the last 20 days is -2.66% for GGB stock, with a simple moving average of -4.45% for the last 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 0.82% 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 -19.43% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -2.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.10% upper at present.
During the last 5 trading sessions, GGB fell by -5.71%, which changed the moving average for the period of 200-days by -19.35% in comparison to the 20-day moving average, which settled at $3.42. In addition, Gerdau S.A. ADR saw -17.69% 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 0.72. 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 wrap up, the performance of Gerdau S.A. ADR (GGB) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
