Gerdau S.A. [NYSE: GGB] loss -1.93% or -0.1 points to close at $5.07 with a heavy trading volume of 7660093 shares. The company report on March 1, 2023 that GERDAU S.A. – CONSOLIDATED INFORMATION.
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It opened the trading session at $5.15, the shares rose to $5.19 and dropped to $5.06, the range by which the price of stock traded the whole day. The daily chart for GGB points out that the company has recorded 7.33% gains over the past six months. However, it is still -30.33% lower than its most recent low trading price.
If we look at the average trading volume of 9.94M shares, GGB reached to a volume of 7660093 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $7.90 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 2.00. 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.
JP Morgan have made an estimate for Gerdau S.A. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 09, 2023. The new note on the price target was released on November 12, 2021, representing the official price target for Gerdau S.A. stock.
The Average True Range (ATR) for Gerdau S.A. is set at 0.18, with the Price to Sales ratio for GGB stock in the period of the last 12 months amounting to 0.52. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for GGB in the course of the last twelve months was 44.46 with Quick ratio for the last quarter at 1.00.
Trading performance analysis for GGB stock
Gerdau S.A. [GGB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.82. With this latest performance, GGB shares dropped by -7.14% in over the last four-week period, additionally plugging by 7.33% over the last 6 months – not to mention a drop of -12.15% 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 32.42, with the RSI for the last a single of trading hit 28.46, and the three-weeks RSI is set at 35.98 for Gerdau S.A. [GGB]. The present Moving Average for the last 50 days of trading for this stock 5.84, while it was recorded at 5.31 for the last single week of trading, and 5.24 for the last 200 days.
Gerdau S.A. [GGB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Gerdau S.A. [GGB] shares currently have an operating margin of +20.10 and a Gross Margin at +22.75. Gerdau S.A.’s Net Margin is presently recorded at +13.86.
Return on Equity for this stock inclined to 25.76, with Return on Assets sitting at 15.48.
Gerdau S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.30.
Gerdau S.A. [GGB]: An earnings per share (EPS) analysis
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 -3.45%.
An analysis of insider ownership at Gerdau S.A. [GGB]
There are presently around $1,431 million, or 21.90% of GGB stock, in the hands of institutional investors. The top three institutional holders of GGB stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 81,702,491, which is approximately 10.729% of the company’s market cap and around 32.70% of the total institutional ownership; ACADIAN ASSET MANAGEMENT LLC, holding 27,498,566 shares of the stock with an approximate value of $139.42 million in GGB stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $95.99 million in GGB stock with ownership of nearly New of the company’s market capitalization.
Positions in Gerdau S.A. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 140 institutional holders increased their position in Gerdau S.A. [NYSE:GGB] by around 81,986,765 shares. Additionally, 84 investors decreased positions by around 26,795,506 shares, while 24 investors held positions by with 173,552,769 shares. The mentioned changes placed institutional holdings at 282,335,040 shares, according to the latest SEC report filing. GGB stock had 59 new institutional investments in for a total of 31,869,841 shares, while 25 institutional investors sold positions of 8,380,476 shares during the same period.