Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 2.59M but it saw 2575598 shares traded in last market. With a market cap of 3.69B USD, the company’s current market price of $2.52 came rising about 1.20 while comparing to the previous closing price of $2.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.57 and as low as $1.97.
Taking a look at 20-day trading activity of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) gives us an average price of $2.39, while its current price level is -1.92% below from 52-week high level whereas it is 27.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.34 while that of 200 days or SMA-200 reads an average of $2.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.40% during that period while stretching the period over a month that increases to 2.57%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.63 which implies that the stock is in neutral territory.
HSBC Securities upgraded its recommendation for the stock as a “Buy” from “Hold” on November 01, 2023 while assigning a price target of $2.90.
Over the week, CIG’s stock price is moving 1.83% up while it is 7.84% when we observe its performance for the past one month. Year-to-date it is 10.17% up and over the past year, the stock is showing an upside performance of 21.26%.
Currently, Cia Energetica DE Minas Gerais – Cemig ADR’s total number of outstanding shares is 1.46B with 0.00% of that held by the insiders while 12.22% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 18.48% and return on equity (ROE) at 27.27%. It has a price to earnings ratio (P/E ratio) of 4.80 while having a 6.12 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 1.18 while price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is 10.74% on average.
