Market Analysts see Gerdau S.A. ADR [GGB] gaining to $5. Time to buy?

Gerdau S.A. ADR [NYSE: GGB] traded at a high on Tuesday, posting a 1.92 gain after which it closed the day’ session at $3.19.

The results of the trading session contributed to over 9344766 shares changing hands. Over the past one week, the price volatility of Gerdau S.A. ADR stands at 2.38% while the volatility over the past one month is 2.54%.

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The market cap for GGB stock reached $4.41 billion, with 1.38 billion shares outstanding and 1.38 billion shares in the current float. Compared to the average trading volume of 9.61M shares, GGB reached a trading volume of 9344766 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 $4.90 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 1.17. 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 Buy, with their previous recommendation back on May 24, 2024. The new note on the price target was released on April 15, 2024, representing the official price target for Gerdau S.A. ADR stock. On February 09, 2023, analysts decreased their price target for GGB shares from 7 to 6.

The Average True Range (ATR) for Gerdau S.A. ADR is set at 0.10, with the Price to Sales ratio for GGB stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 0.86. Price to Free Cash Flow for GGB in the course of the last twelve months was 6.17 with Quick ratio for the last quarter at 1.29.

How has GGB stock performed recently?

Gerdau S.A. ADR [GGB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.15. With this latest performance, GGB shares dropped by -12.84% in over the last four-week period, additionally sinking by -16.05% over the last 6 months – not to mention a drop of -24.39% 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 34.11, with the RSI for the last a single of trading hit 30.90, and the three-weeks RSI is set at 37.25 for Gerdau S.A. ADR [GGB]. The present Moving Average for the last 50 days of trading for this stock 3.61, while it was recorded at 3.20 for the last single week of trading, and 3.76 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 1.29 and a Current Ratio set at 2.79.

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

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 -1.45%.

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%.