Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Gerdau SA (ADR) before investing.

In this article, we go over a few key elements for understanding Gerdau SA (ADR)’s stock price such as:

• Gerdau SA (ADR)’s current stock price and volume
• Why Gerdau SA (ADR)’s stock price changed recently
• Upgrades and downgrades for GGB from analysts
• GGB’s stock price momentum as measured by its relative strength

About Gerdau SA (ADR) (GGB)

Before we jump into Gerdau SA (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Gerdau SA is a Brazil-based manufacturer of steel products. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Colombia, the United States, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. The Firm’s product portfolio includes crude steel; finished products for the construction industry, such as rebar, wire-rods, structural shapes, hot-rolled coils and heavy plates; finished industrial products, such as commercial rolled-steel bars, light profiles and wires; agricultural products, such as stakes, smooth wire and barbed-wire; and special steel items. The Company’s activities include also operations of iron ore mines located in the state of Minas Gerais.

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Gerdau SA (ADR)’s Stock Price as of Market Close

As of November 20, 2023, 4:00 PM, CST, Gerdau SA (ADR)’s stock price was $4.74.

Gerdau SA (ADR) is down 5.58% from its previous closing price of $5.02.

During the last market session, Gerdau SA (ADR)’s stock traded between $4.97 and $5.05. Currently, there are 1,749.24 million shares of Gerdau SA (ADR) stock available for purchase.

Gerdau SA (ADR)’s price-earnings (P/E) ratio is currently at 5.3, which is low compared to the Metals & Mining - Iron & Steel industry median of 11.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Gerdau SA (ADR) Stock Price History

Gerdau SA (ADR)’s (GGB) price is currently up 9.22% so far this month.

During the month of November, Gerdau SA (ADR)’s stock price has reached a high of $5.05 and a low of $4.36.

Over the last year, Gerdau SA (ADR) has hit prices as high as $6.34 and as low as $4.20. Year to date, Gerdau SA (ADR)’s stock is up 1.15%.

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What Caused Gerdau SA (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 17, 2023, there was 1 analyst who downgraded Gerdau SA (ADR)’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Gerdau SA (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Gerdau SA (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Gerdau SA (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Gerdau SA (ADR) (GGB) by visiting AAII Stock Evaluator.

Relative Price Strength of Gerdau SA (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 17, 2023, Gerdau SA (ADR) has a weighted four-quarter relative price strength of -4.85%, which translates to a Momentum Score of 51 and is considered to be Average.

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Gerdau SA (ADR) Stock Price: Bottom Line

As of November 20, 2023, Gerdau SA (ADR)’s stock price is $4.74, which is down 5.58% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Gerdau SA (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.