As of Wednesday close, Gerdau S.A.’s (NYSE:GGB) stock was up $0.05, moving up 0.92 percent to $5.49. The average number of shares traded per day over the past five days has been 15,117,940 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.22 fall in that time frame. In the last twenty days, the average volume was 14,879,405, while in the previous 50 days, it was 12,905,084.
Since last month, GGB stock rose 11.17%. Shares of the company fell to $4.64 on 10/28/22, the lowest level in the past month. A 52-week high of $6.39 was reached on 04/04/22 after having rallying from a 52-week low of $3.88. Since the beginning of this year, GGB’s stock price has risen by 15.67% or $0.57, and marked a new high 22 times. However, the stock has declined by -14.03% since its 52-week high.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
Right now, Gerdau S.A. (GGB) has a P/E ratio of about 3.68. The stock’s beta is 1.53. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 6.14 may also be considered.
The latest dividend of $0.4040 per share was paid out, which is 194.89% more than last year’s $0.1370. On Wednesday November 9 2022, a $0.2670 dividend increase was announced.
In the three months ended September 29, Gerdau S.A.’s quick ratio stood at 1.10, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.20, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 24.40% percent. In the year ended September 29, operating margins totaled 23.00%. Based on annual data, GGB earned $3.86 billion in gross profit and brought in $14.52 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 29.70%. Return on equity (ROE) for the past 12 months was 30.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GGB’s revenue fell -194.34% during the quarter, while net income inched up to $14.89 billion. While analysts expected Gerdau S.A. to report $0.35 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 5.70%. During the quarter, the company generated $975.3 million in EBITDA. The liabilities of Gerdau S.A. were 5.8 billion at the end of its most recent quarter ended September 29, and its total debt was $13.86 billion.
This quick technical analysis looks at Gerdau S.A.’s (GGB) price momentum. With a historical volatility rate of 59.66%, the RSI 9-day stood at 51.10% on 23 November.
With respect to its five-day moving average, the current Gerdau S.A. price is down by -3.85% percent or -$0.22. At present, GGB shares trade +10.46% above its 20-day simple moving average and +35.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.49% above its SMA50 and +0.18% above its SMA200.
Stochastic coefficient K was 53.86% and Stochastic coefficient D was 60.93%, while ATR was 0.25. Given the Stochastic reading of 42.22% for the 14-day period, the RSI (14) reading has been calculated as 54.08%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.02.
Citigroup upgraded its rating on Gerdau S.A. (NYSE: GGB) to a Buy in a note to investors on November 12, 2021. The analysts firm previously had a Neutral rating on the stock.Gerdau S.A. (GGB) has been rated Buy by analysts. According to 0 brokerage firms, GGB is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gerdau S.A. stock as buy, with 11 recommending it as overweight.