A look into Gerdau S.A. ADR (GGB)’s deeper side

With 4.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.09 million shares. During the session, the Steel company that operates in wider Basic Materials sector, reached to the highest price of $3.33 whereas the lowest price it dropped to was $3.28. The 52-week range on GGB shows that it touched its highest point at $5.04 and its lowest point at $3.06 during that stretch. It currently has a 1-year price target of $4.81. With its current market cap of 4.61 billion, GGB has annualized dividend of $0.14 while the current yield stands at 4.29%. Beta for the stock currently stands at 1.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GGB was up-trending over the past week, with a rise of 2.15%, but this was up by 5.38% over a month. Three-month performance dropped to -12.75% while six-month performance fell -17.10%. The stock lost -24.02% in the past year, while it has lost -17.61% so far this year. A look at the trailing 12-month EPS for GGB yields 0.58 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.13. This implies an EPS growth rate of -29.77% for this year and -1.02% for next year. EPS is expected to decline by -1.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.48%.

Float and Shares Shorts:

At present, 1.38 billion GGB shares are outstanding with a float of 1.38 billion shares on hand for trading. On 2024-06-14, short shares totaled 7.42 million, which was 34.999998999999995 higher than short shares on 1715731200. In addition to Mr. Gustavo Werneck Da Cunha as the firm’s Member of Board Of Executive Officers CEO & Director, Mr. Claudio Gerdau Johannpeter serves as its Vice Chairman of the Board.

Institutional Ownership:

Through their ownership of 0.32118 of GGB’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, GGB reported revenue of $16210263000.0 and operating income of $1884923000.0. The EBITDA in the recently reported quarter was $2568192000.0 and diluted EPS was $0.808333.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.