With 11.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.65 million shares. The 52-week range on GGB shows that it touched its highest point at $4.04 and its lowest point at $2.27 during that stretch. It currently has a 1-year price target of $4.05. With its current market cap of 3.28 billion, GGB has annualized dividend of $0.14 while the current yield stands at 5.61%. 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 down-trending over the past week, with a drop of -5.90%, but this was down by -8.93% over a month. Three-month performance dropped to -13.85% while six-month performance fell -19.56%. The stock lost -27.35% in the past year, while it has lost -11.46% so far this year. A look at the trailing 12-month EPS for GGB yields 0.28 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.09. This implies an EPS growth rate of -2.58% for this year and 6.65% for next year. EPS is expected to grow by 3.46% 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, 1.31 billion GGB shares are outstanding with a float of 1.29 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 $0.43385 being high and $0.37187 being low. For GGB, this leads to a yearly average estimate of $0.40286. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.48.
