Gerdau S.A. [NYSE: GGB] surged by $0.07 during the normal trading session on Friday and reaching a high of $6.965 during the day while it closed the day at $6.92. The company report on May 5, 2021 that Gerdau S.A. – Consolidated Information.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) — The consolidated EBITDA amounted R$ 4.3 billion in 1Q21, highest level ever for a quarter, with a margin of 26.4%.
Gerdau S.A. stock has also gained 12.70% of its value over the past 7 days. However, GGB stock has inclined by 54.86% in the 3 months of the year. Over the past six months meanwhile, it has gained 79.98% and gained 48.89% year-on date.
The market cap for GGB stock reached $11.77 billion, with 1.70 billion shares outstanding and 566.09 million shares in the current float. Compared to the average trading volume of 16.29M shares, GGB reached a trading volume of 20991699 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Gerdau S.A. [GGB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GGB shares is $6.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GGB stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Gerdau S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 13, 2021. The new note on the price target was released on December 15, 2020, representing the official price target for Gerdau S.A. stock.
The Average True Range (ATR) for Gerdau S.A. is set at 0.24, with the Price to Sales ratio for GGB stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for GGB in the course of the last twelve months was 14.02 with Quick ratio for the last quarter at 1.20.
GGB stock trade performance evaluation
Gerdau S.A. [GGB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.70. With this latest performance, GGB shares gained by 26.28% in over the last four-week period, additionally plugging by 79.98% over the last 6 months – not to mention a rise of 227.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GGB stock in for the last two-week period is set at 75.50, with the RSI for the last a single of trading hit 78.23, and the three-weeks RSI is set at 72.66 for Gerdau S.A. [GGB]. The present Moving Average for the last 50 days of trading for this stock 5.43, while it was recorded at 6.46 for the last single week of trading, and 4.45 for the last 200 days.
Gerdau S.A. [GGB]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gerdau S.A. [GGB] shares currently have an operating margin of +8.96 and a Gross Margin at +13.54. Gerdau S.A.’s Net Margin is presently recorded at +5.40.
Return on Total Capital for GGB is now 8.40, given the latest momentum, and Return on Invested Capital for the company is 5.28. Return on Equity for this stock inclined to 8.18, with Return on Assets sitting at 4.04. When it comes to the capital structure of this company, Gerdau S.A. [GGB] has a Total Debt to Total Equity ratio set at 59.53. Additionally, GGB Total Debt to Total Capital is recorded at 37.32, with Total Debt to Total Assets ending up at 29.10. Long-Term Debt to Equity for the company is recorded at 54.14, with the Long-Term Debt to Total Capital now at 33.94.
Receivables Turnover for the company is 9.08 with a Total Asset Turnover recorded at a value of 0.75.Gerdau S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.00.
Earnings per share (EPS) analysis for Gerdau S.A. [GGB] stock
With the latest financial reports released by the company, Gerdau S.A. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -77.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GGB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gerdau S.A. go to 5.33%.
Gerdau S.A. [GGB]: Insider Ownership positions
There are presently around $1,752 million, or 33.90% of GGB stock, in the hands of institutional investors. The top three institutional holders of GGB stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 129,208,943, which is approximately 0.72% of the company’s market cap and around 32.70% of the total institutional ownership; CONTRARIAN CAPITAL MANAGEMENT, L.L.C., holding 20,247,839 shares of the stock with an approximate value of $138.7 million in GGB stocks shares; and JPMORGAN CHASE & CO, currently with $133.78 million in GGB stock with ownership of nearly -18.73% of the company’s market capitalization.
Positions in Gerdau S.A. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 67 institutional holders increased their position in Gerdau S.A. [NYSE:GGB] by around 21,062,498 shares. Additionally, 65 investors decreased positions by around 30,059,250 shares, while 31 investors held positions by with 204,634,300 shares. The mentioned changes placed institutional holdings at 255,756,048 shares, according to the latest SEC report filing. GGB stock had 26 new institutional investments in for a total of 11,180,084 shares, while 17 institutional investors sold positions of 3,795,917 shares during the same period.