With 12.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.64 million shares. The 52-week range on GGB shows that it touched its highest point at $4.04 and its lowest point at $2.67 during that stretch. It currently has a 1-year price target of $4.39. With its current market cap of 3.83 billion, GGB has annualized dividend of $0.14 while the current yield stands at 4.83%. Beta for the stock currently stands at 1.39.
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 1.37%, but this was up by 0.34% over a month. Three-month performance dropped to -12.98% while six-month performance fell -5.75%. The stock lost -19.55% in the past year, while it has gained 2.43% so far this year. A look at the trailing 12-month EPS for GGB yields 0.38 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.10. This implies an EPS growth rate of 8.61% for this year and 1.18% for next year. EPS is expected to grow by 5.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.21%.
Float and Shares Shorts:
At present, 1.32 billion GGB shares are outstanding with a float of 1.30 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GGB since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.43094 being high and $0.36938 being low. For GGB, this leads to a yearly average estimate of $0.40016. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
