At the time of writing, Gerdau S.A. ADR [GGB] stock is trading at $3.46, up 1.17%. 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 1.47% over the last week, with a monthly amount glided 11.61%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gerdau S.A. ADR [NYSE: GGB] stock has seen the most recent analyst activity on May 24, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $5 from $4.50. Previously, JP Morgan upgraded its rating to Overweight on April 15, 2024. On November 20, 2023, downgrade downgraded it’s rating to Neutral. JP Morgan downgraded its rating to a Neutral and decreased its price target to $6 on February 09, 2023. Citigroup upgraded its rating to a Buy but $6.10 remained the price target by the analyst firm on November 12, 2021. Credit Suisse upgraded its rating to Outperform for this stock on September 09, 2021. In a note dated January 13, 2021, Goldman downgraded an Neutral rating on this stock.
For the past year, the stock price of Gerdau S.A. ADR fluctuated between $2.92 and $4.10. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Gerdau S.A. ADR [NYSE: GGB] shares were valued at $3.46 at the most recent close of the market. An investor can expect a potential return of 44.51% based on the average GGB price forecast.
Analyzing the GGB fundamentals
According to Gerdau S.A. ADR [NYSE:GGB], the company’s sales were 12.56B for trailing twelve months, which represents an -10.33% plunge. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.1. 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 3.43 points at the first support level, and at 3.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.50, and for the 2nd resistance point, it is at 3.53.
Ratios To Look Out For
It is important to note that Gerdau S.A. ADR [NYSE:GGB] has a current ratio of 2.98. Further, the Quick Ratio stands at 1.53, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 8.41.
