The public float for GGB is 635.21M, and currently, short sellers hold a 2.17% ratio of that floaft. The average trading volume of GGB on March 31, 2023 was 9.64M shares. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high. The average price recommended by analysts for Gerdau S.A. Is $6.98, which is $2.99 above the current market price.
The dark blue line represents the company’s actual revenue. The light blue line represents the company’s estimated revenue based on the consensus of Wall Street analysts for each quarter. The chart below shows up to four years of a company’s earnings history. The dark blue line represents the company’s actual earnings per share. The light blue area represents the range of Wall Street analysts’ earnings estimates for each quarter. The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th.
- Stockholders of record on Thursday, March 16th will be given a $0.0788 dividend.
- Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends.
- This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- Gerdau’s stock was trading at $5.2762 on January 1st, 2023.
According to best commodities to put money into: high 4 picks for spring 2020 projections, GGB’s forecast low is $5.36 with $8.46 as the target high. To hit the forecast high, the stock’s price needs a -74.43% plunge from its current level, while the stock would need to soar -10.52% for it to hit the projected low. The chart below shows how a company’s share price and consensus price target have changed over time.
Gerdau S.A. (Spons. ADRS)
One share of GGB stock can currently be purchased for approximately $4.70. Sign-up to receive the latest news and ratings for Gerdau and its competitors with MarketBeat’s FREE daily newsletter. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. In the past three months, Gerdau insiders have not sold or bought any company stock.
Stockholders of record on Thursday, March 16th will be given a $0.0788 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.10%. When we switch over and look at the enterprise to sales, we see a ratio of 0.62, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 10.62 and the total asset turnover is 1.12.
The Finest Steel Must Endure the Hottest Fire
Gerdau stock traded down $0.15 during midday trading on Friday, reaching $5.17. The stock had a trading volume of 6,549,695 shares, compared to its average volume of 9,523,910. Gerdau has a twelve month low of $3.94 and a twelve month high of $6.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.32 and a quick ratio of 1.00.
- This indicates that Gerdau will be able to sustain or increase its dividend.
- The public float for GGB is 580.13M, and currently, short sellers hold a 2.38% ratio of that floaft.
- $GGB with massive volume accumulation at key breakout level.
- Visit GGB’s SEC page to see the company’s official filings.
The company stock has a Forward Dividend ratio of 0.67, while the dividend yield is 13.37%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. In this case, analysts estimate an annual EPS growth of -4.60% for the year and -35.90% for the next year. Share is performing relatively much not better than most of its peers within the same industry.
Price Target and Rating
Produces and commercializes steel products worldwide for use in manufacturing, construction, and agricultural industries. The company was founded in 1901 and is based in Porto Alegre, Brazil. Gerdau’s most recent quarterly dividend payment of $0.0788 per share was made to shareholders on Thursday, March 30, 2023.
The DOW plunged 3.5%, and he told CNBC, “It seems like there’s much more to come.” Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that “all the indexes will be negative for the year,” with the Nasdaq leading the way. Only 6 people have added Gerdau to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
This puts André Bier Gerdau Johannpeter in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. The split was announced on Wednesday, March 22nd 2023. The newly issued shares were payable to shareholders after the closing bell on Wednesday, March 22nd 2023. An investor that had 100 shares of stock prior to the split would have 105 shares after the split. Other market data may be delayed by 15 minutes or more. Mid-cap dividend stocks are the best bargain on the board right now.
News and Social Media Coverage
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world. $GGB with massive volume accumulation at key breakout level. Volume accumulation over last several months is notable. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
During the last 5 trading sessions, GGB fell by -7.71%, which changed the moving average for the period of 200-days by -20.55% in comparison to the 20-day moving average, which settled at $5.39. Saw -11.37% in overturn over a single year, with a tendency to cut further losses. During the last 5 trading sessions, GGB fell by -5.52%, which changed the moving average for the period of 200-days by -20.83% in comparison to the 20-day moving average, which settled at $5.31. Saw -13.54% in overturn over a single year, with a tendency to cut further losses. During the last 5 trading sessions, GGB rose by +3.03%, which changed the moving average for the period of 200-days by -16.21% in comparison to the 20-day moving average, which settled at $4.92. Saw -10.92% in overturn over a single year, with a tendency to cut further losses.
We take pride in working closely with customers in the early stage of a design to think broadly and boldly, and to expand beyond traditional surface engineered solutions. We offer reliable partnerships based on trust, compassion, determination, collaboration and respect. GGB has been putting the world in motion for over 120 years with industry-leading tribological bearings, coatings and assemblies. Offering superior performance in a wide variety of applications, GGB’s self-aligning assemblies are available in both standard and custom configurations. The excellent low friction and high wear resistance performance of GGB metal-polymer bearings make them ideal for hundreds of applications in numerous and diverse industries. Depending upon application requirements, metal-polymer composite bearings can be produced in many shapes and sizes.
Has seen a 3.03% increase in the past week, with a -8.95% drop in the past month, and a -15.06% decrease in the past quarter. The volatility ratio for the week is 3.49%, and the volatility levels for the past 30 days are at 3.07% for GGB. The simple moving average for the last 20 days is -4.88% for GGB stock, with a simple moving average of -3.98% for the last 200 days. Gerdau S.A., which has a market valuation of $8.53 billion.
Gerdau S.A. (GGB) Company Bio
The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
During the last 5 trading sessions, GGB rose by +5.96%, which changed the moving average for the period of 200-days by +4.37% in comparison to the 20-day moving average, which settled at $4.80. Saw -5.61% in overturn over a single year, with a tendency to cut further losses. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company’s geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations.
Over the last 50 days, in opposition, the stock is trading -15.07% lower at present. Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares sank -9.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.28% lower at present. Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares sank -4.93% for the moving average over the last 20 days.
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