The stock of Gerdau S.A. ADR (NYSE: GGB) has increased by 0.89 when compared to last closing price of 3.36. marketbeat.com reported 2024-11-14 that When stocks move exponentially, there are typically two major forces at play behind the move. One of them is momentum, but that can only be made possible through enough volume pressure to get the stock to move in the first place.
Is It Worth Investing in Gerdau S.A. ADR (NYSE: GGB) Right Now?
The price-to-earnings ratio for Gerdau S.A. ADR (NYSE: GGB) is 8.24x, which is above its average ratio. Moreover, the 36-month beta value for GGB is 1.72. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GGB is 1.34B and currently, short sellers hold a 0.37% of that float. On December 03, 2024, GGB’s average trading volume was 10.02M shares.
GGB’s Market Performance
GGB’s stock has seen a 0.00% decrease for the week, with a 8.65% rise in the past month and a 8.31% gain in the past quarter. The volatility ratio for the week is 2.32%, and the volatility levels for the past 30 days are at 2.64% for Gerdau S.A. ADR The simple moving average for the past 20 days is -0.60% for GGB’s stock, with a -0.78% 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 1.29% 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 -17.40% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +10.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.99% upper at present.
During the last 5 trading sessions, GGB remain unchanged, which changed the moving average for the period of 200-days by -2.21% in comparison to the 20-day moving average, which settled at $3.41. In addition, Gerdau S.A. ADR saw -16.12% 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:
- 0.1 for the present operating margin
- 0.14 for the gross margin
The net margin for Gerdau S.A. ADR stands at 0.07. The total capital return value is set at 0.1. Equity return is now at value 9.25, with 6.19 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 0.77. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 8.86.
Currently, EBITDA for the company is 13.23 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 8.88for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.
Conclusion
To wrap up, the performance of Gerdau S.A. ADR (GGB) has been mixed in recent times. The stock has received a bullish 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.
