Gerdau S.A. ADR [GGB] is -5.36% lower this YTD. Is it still time to buy?


Gerdau S.A. ADR [NYSE: GGB] traded at a high on Monday, posting a 2.00 gain after which it closed the day’ session at $4.59. The company report on November 7, 2023 at 7:52 AM that GERDAU S.A. – CONSOLIDATED INFORMATION.

The results of the trading session contributed to over 7075703 shares changing hands. Over the past one week, the price volatility of Gerdau S.A. ADR stands at 3.05% while the volatility over the past one month is 2.60%.

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The market cap for GGB stock reached $5.27 billion, with 1.15 billion shares outstanding and 1.15 billion shares in the current float. Compared to the average trading volume of 6.46M shares, GGB reached a trading volume of 7075703 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Gerdau S.A. ADR [GGB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GGB shares is $5.64 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 1.91. 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.

BofA Securities have made an estimate for Gerdau S.A. ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 20, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $7 to $6. The new note on the price target was released on February 09, 2023, representing the official price target for Gerdau S.A. ADR stock. Previously, the target price had yet another raise to $6.10, while Citigroup analysts kept a Buy rating on GGB stock.

The Average True Range (ATR) for Gerdau S.A. ADR is set at 0.12, with the Price to Sales ratio for GGB stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.96. Price to Free Cash Flow for GGB in the course of the last twelve months was 5.03 with Quick ratio for the last quarter at 1.24.

How has GGB stock performed recently?

Gerdau S.A. ADR [GGB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.32. With this latest performance, GGB shares gained by 8.25% in over the last four-week period, additionally plugging by 7.05% over the last 6 months – not to mention a rise of 0.95% 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 63.41, with the RSI for the last a single of trading hit 68.97, and the three-weeks RSI is set at 59.33 for Gerdau S.A. ADR [GGB]. The present Moving Average for the last 50 days of trading for this stock 4.32, while it was recorded at 4.51 for the last single week of trading, and 4.77 for the last 200 days.

Gerdau S.A. ADR [GGB]: Deeper insight into the fundamentals

Gerdau S.A. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.24 and a Current Ratio set at 2.59.

Earnings analysis for Gerdau S.A. ADR [GGB]

With the latest financial reports released by the company, Gerdau S.A. ADR posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.60%. 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. ADR go to -3.46%.

Insider trade positions for Gerdau S.A. ADR [GGB]

The top three institutional holders of GGB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in GGB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in GGB stock with ownership which is approximately 5.8386%.