With 11.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.83 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 $4.06. With its current market cap of 3.58 billion, GGB has annualized dividend of $0.16 while the current yield stands at 5.91%. Beta for the stock currently stands at 1.37.
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 8.59%, but this was up by 12.55% over a month. Three-month performance dropped to -9.74% while six-month performance fell -22.99%. The stock lost -25.27% in the past year, while it has lost -3.47% 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 -3.49% for this year and 8.38% for next year. EPS is expected to grow by 4.59% 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.
