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After finishing at $2.92 in the prior trading day, Gerdau S.A. ADR (NYSE: GGB) closed at $2.87, down -1.71%. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 8.94 million shares were traded. GGB stock price reached its highest trading level at $2.9 during the session, while it also had its lowest trading level at $2.805.
Ratios:
Our goal is to gain a better understanding of GGB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.24.
On May 24, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $4.50 to $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GGB now has a Market Capitalization of 5509624832 and an Enterprise Value of 12825914368. As of this moment, Gerdau’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.50, and their Forward P/E ratio for the next fiscal year is 6.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.191 whereas that against EBITDA is 1.432.
Stock Price History:
The Beta on a monthly basis for GGB is 1.40, which has changed by -0.24307698 over the last 52 weeks, in comparison to a change of 0.101756096 over the same period for the S&P500. Over the past 52 weeks, GGB has reached a high of $4.04, while it has fallen to a 52-week low of $2.67. The 50-Day Moving Average of the stock is -2.27%, while the 200-Day Moving Average is calculated to be -9.46%.
Shares Statistics:
The stock has traded on average 9.78M shares per day over the past 3-months and 7282350 shares per day over the last 10 days, according to various share statistics. A total of 1.32B shares are outstanding, with a floating share count of 1.30B. Insiders hold about 0.00% of the company’s shares, while institutions hold 26.94% stake in the company. Shares short for GGB as of 1741910400 were 15490520 with a Short Ratio of 1.58, compared to 1739491200 on 16890172. Therefore, it implies a Short% of Shares Outstanding of 15490520 and a Short% of Float of 1.77.
Dividends & Splits
In the trailing 12 months, GGB’s forward annual dividend rate was 0.8, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 0.2739726The stock’s 5-year Average Dividend Yield is 7.06. The current Payout Ratio is 34.08% for GGB, which recently paid a dividend on 2024-08-13 with an ex-dividend date of 1741305600. Stock splits for the company last occurred on 2024-04-18 when the company split stock in a 6:5 ratio.
