Gerdau S.A. (NYSE:GGB) trading with an addition of $0.09 to $5.07 on Thursday, an upside of 1.91 percent. An average of 4,654,201 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 11,342,950 shares traded, while the 50-day average volume stands at 9,410,104.
GGB stock has decreased by -3.13% in the last month. The company shares reached their 1-month lowest point of $4.34 on 09/20/21. With the stock rallying to its 52-week high on 05/11/21, shares of the company touched a low of $3.64 and a high of $7.16 in 52 weeks. It has reached a new high 23 times so far this year and achieved 8.79% or $0.44 in price. In spite of this, the price is down -29.10% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Gerdau S.A. (GGB) has a trailing price-to-earnings (P/E) ratio of 5.71, which compares with the 8.40 for the broader industry and 13.88 for the sector. In the last five years, Gerdau S.A.’s PE ratio has ranged between 78.14 and 5.028. The stock’s beta is 1.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.72, the price-to-book (PB) ratio at 1.30, and the price-to-cash flow ratio at 11.24.
Gerdau S.A. pays a $0.30 dividend per share annually. It offers a dividend yield of 5.93%. The company has a payout ratio of 66.30%. The company’s most recent quarterly dividend payment was $0.0814 a share, representing a down of -28.75 from $0.1048 last year. Its latest decrease dividend $0.0234 reported on Wednesday September 22 2021. Dividends have grown by 1,574.84% each year over the last three years.
Gerdau S.A. will next go ex-dividend on SA’s. The next dividend payment Gerdau S.A. will make is expected to be $4-Apr.
The quick ratio of Gerdau S.A. for the three months ended June 29 was 1.30, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.46 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 22.10% against a 5-year average of 11.3%. Gerdau S.A.’s EBITDA margin for the year ending June 29 is 14.66%, while its operating margin for the same period stands at 22.10%. Its gross profit as reported stood at $1.15 billion compared to revenue of $8.5 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gerdau S.A.’s return on assets was 12.50%, compared to 1.1% over the last five years. In the past year, the return on investment has been 8.10%, and the 5-year average is 3.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been 24.80% and the 5-year average holds at 2.0%. For the broader industry, ROE averaged 24.01 over the past year.
For the three-month period that ended June 29, Gerdau S.A. had $1.05 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.37 billion in the quarter, while revenues were grew 49.12%. The analyst consensus anticipated Gerdau S.A.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.36, a -12.20% surprise. For the quarter, EBITDA amounted to $1.17 billion.
From a technical analysis perspective, let’s take a brief look at Gerdau S.A. (GGB) price momentum. RSI 9-day as of the close on 13 October was 60.34%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.60%.
As of today, GGB’s price is $4.94 +5.36% or $0.26 from its 5-day moving average. GGB is currently trading +3.23% higher than its 20-day SMA and -17.05% lower than its 100-day SMA. However, the stock’s current price level is -15.12% below the SMA50 and +8.49% above the SMA200.
The stochastic %K and %D were 64.31% and 53.90%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 89.90% and the average true range at 0.20, the RSI (14) stands at 53.85%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.08.
Credit Suisse upgraded Gerdau S.A. (NYSE: GGB) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Gerdau S.A. (GGB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GGB, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is GGB’s price target for the next 12 months?
Analysts predict a range of price targets between $5.71 and $8.94, with a median target of $7.66. Taking a look at these predictions, the average price target given by analysts for Gerdau S.A. (GGB) stock is $7.58.