Gerdau S.A. ADR [GGB] stock prices are up 0.92% to $4.40 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GGB shares have gain 3.77% over the last week, with a monthly amount glided 0.46%, and seem to be holding up well over a long-time horizon.
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
Sponsored
From an analyst’s perspective:
Gerdau S.A. ADR [NYSE: GGB] stock has seen the most recent analyst activity on November 20, 2023, when BofA Securities downgraded its rating to a Neutral. Previously, JP Morgan downgraded its rating to Neutral on February 09, 2023, and dropped its price target to $6. On November 12, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $6.10 on the stock. Credit Suisse upgraded its rating to a Outperform. Goldman downgraded its rating to a Neutral. Morgan Stanley upgraded its rating to Overweight for this stock on December 15, 2020. In a note dated August 19, 2020, JP Morgan upgraded an Overweight rating on this stock.
The stock price of Gerdau S.A. ADR [GGB] has been fluctuating between $4.11 and $6.04 over the past year. Currently, Wall Street analysts expect the stock to reach $8.71 within the next 12 months. Gerdau S.A. ADR [NYSE: GGB] shares were valued at $4.40 at the most recent close of the market. An investor can expect a potential return of 97.95% based on the average GGB price forecast.
Analyzing the GGB fundamentals
The Gerdau S.A. ADR [NYSE:GGB] reported sales of 13.79B for trailing twelve months, representing a drop of -13.13%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.15 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.34 points at the first support level, and at 4.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.44, and for the 2nd resistance point, it is at 4.49.
Gerdau S.A. ADR [GGB] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of -$0.04 and a surprise factor of -33.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.18 per share as compared to estimates of $0.17 per share, a difference of $0.01 representing a surprise of 5.90%.
Ratios To Look Out For
It’s worth pointing out that Gerdau S.A. ADR [NYSE:GGB]’s Current Ratio is 2.59. Further, the Quick Ratio stands at 1.24, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 5.20.
