Gerdau S.A. ADR experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $4.13 on 11/17/23, while the lowest price for the same period was registered at $2.92 on 08/05/24.
52-week price history of GGB Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Gerdau S.A. ADR’s current trading price is -19.59% away from its 52-week high, while its distance from the 52-week low is 13.70%. The stock’s price range during this period has spanned from $2.92 to $4.13. In the Basic Materials sector, the Gerdau S.A. ADR’s shares surpassed a trading volume of approximately 6.13 million for the day, which was noticeably lower compared to the average daily volume of 9.7.24 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Gerdau S.A. ADR (GGB) has experienced a quarterly decline of -4.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.59B.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.30, with a change in price of -0.31. Similarly, Gerdau S.A. ADR recorded 7,068,987 in trading volume during the last 100 days, posting a change of -8.54%.
Examining GGB’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for GGB stands at 0.25. Similarly, the long-term debt-to-equity ratio is also 0.21.
GGB Stock Stochastic Average
Today, Gerdau S.A. ADR’s raw stochastic average for the past 50 days stands at 57.25%, indicating a rise from the raw stochastic average of the last 20 days, which was 33.43%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 40.86% and 49.77% respectively.
GGB Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -17.86%. However, over the past six months, we’ve seen a stronger performance of -10.67%. The price of GGB leaped by -1.48% over the last 30 days. And in the last five days, it has fallen by -7.00%.
