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In the latest session, Gerdau S.A. ADR (NYSE: GGB) closed at $2.80 down -2.78% from its previous closing price of $2.88. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 6.17 million shares were traded. GGB stock price reached its highest trading level at $2.86 during the session, while it also had its lowest trading level at $2.79.
Ratios:
For a deeper understanding of Gerdau S.A. ADR’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.62. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 2.98. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on May 24, 2024, Upgraded its rating to Buy and sets its target price to $5 from $4.50 previously.
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 5696712192 and an Enterprise Value of 11055620096. As of this moment, Gerdau’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.81, and their Forward P/E ratio for the next fiscal year is 5.97. 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 0.57. Its current Enterprise Value per Revenue stands at 0.17 whereas that against EBITDA is 1.248.
Stock Price History:
Over the past 52 weeks, GGB has reached a high of $4.05, while it has fallen to a 52-week low of $2.85. The 50-Day Moving Average of the stock is -14.27%, while the 200-Day Moving Average is calculated to be -16.98%.
Shares Statistics:
For the past three months, GGB has traded an average of 11.15M shares per day and 8276270 over the past ten days. A total of 1.36B shares are outstanding, with a floating share count of 1.34B. Insiders hold about 0.00% of the company’s shares, while institutions hold 25.27% stake in the company. Shares short for GGB as of 1734048000 were 15175735 with a Short Ratio of 1.36, compared to 1731628800 on 4924651. Therefore, it implies a Short% of Shares Outstanding of 15175735 and a Short% of Float of 1.68.
Dividends & Splits
According to the company, the forward annual dividend rate for GGB is 0.15, from 0.783 in the trailing year. Against a Trailing Annual Dividend Yield of 0.271875The stock’s 5-year Average Dividend Yield is 6.91.
