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What Recent Ownership Trends Suggest About Gerdau SA (GGB)'s Future Performance

13 January 2018

"For 2016 (results not yet released), the company intends spending approximately R$1.5 billion on capital investments, down 35% year over year".

Gerdau S.A. (NYSE:GGB) 52-week high price stands at $4.39 and low price stands at $2.60, its price distance from 52-week high is -1.59% while its distance from 52-week low price is 66.15%.

Currently, the stock carries a price to earnings ratio of 40.06, a price to book ratio of 1.47, and a price to sales ratio of 2.57. The Stock now has a Weekly Volatility of 4.45% and Monthly Volatility of 3.26%. Gerdau S.A. (NYSE:GGB)'s short interest is 23.46 million shares, or % of the float.

The company reported its last earnings Actual EPS of $0.02/share. According to these analysts, the Low Revenue Estimate for Gerdau S.A.is 3.05 Billion and the High Revenue Estimate is 3.05 Billion. The stock now has an average rating of "Hold" and an average price target of $4.13. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock.

News headlines about Gerdau (NYSE:GGB) have been trending somewhat positive on Thursday, Accern Sentiment reports. ATR is an exponential moving average (consist of 14 trading days) of the True Ranges that is explaining range of a day's trading is high-low.

In case of Revenue Estimates, 1 analysts have provided their consensus Average Revenue Estimates for Gerdau S.A.as 3.05 Billion. The volume of 22.76 Million shares climbed down over an trading activity of 8.1 Million shares. Beta value of the stock is marked at 2.42. According to their observations and findings, the stock could provide a high EPS of $0.02/share and a low EPS of $0.02/share.

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According to Finviz reported data, The SMA20 of the stock is at 15.29%, SMA50 is 24.84 percent, while SMA200 is 29.32%.

Taking a deeper look into the technical levels of Wells Fargo & Company (WFC), we can see that the Williams Percent Range or 14 day Williams %R now sits at -40.20. Presently, it has a Return on Equity (ROE) of -8.30% and Return on Investment (ROI) of -4.30%. Over a month, it has seen its stock price volatility to stay at 3.37% while shortening the period to a week, volatility was 3.06%.

In terms of Buy, Sell or Hold recommendations, Gerdau S.A. (NYSE:GGB) has analysts' mean recommendation of 2.

JP Morgan "Upgrades" Gerdau S.A. (NYSE:GGB) in a research note issued to investors on 9/01/17 to Overweight with price target of $0. After a recent check, Gerdau S.A.'s 14-day RSI is now at 85.96, the 7-day stands at 91.84, and the 3-day is sitting at 94.21. EPS ratio determined by looking at last 12 month figures is -0.37.

While considering growth estimates of the company, it has next quarter growth estimates of -73.3% whereas during current quarter it has 150% estimations over growth, comparing to the estimations of 25% during current year and 20% for next year. The higher end of the revenue estimate is $9.88 Billion and the lower end is $9.88 Billion.