Reflections On The Past For Investors Today: Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)

Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) does about 2.21M shares in volume on a normal day but saw 2529653 shares change hands in Monday trading. The company now has a market cap of 3.58B USD. Its current market price is $1.88, marking an increase of 1.62% compared to the previous close of $1.85. The 52 week high reached by this stock is $2.04 whilst the lowest price level in 52 weeks is $1.50.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has a 20-day trading average at $1.8445 and the current price is -8.04% off the 52-week high compared with 25.54% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.9038 and its 200-day simple moving average is $1.8431. If we look at the stock’s price movements over the week, volatility stands at 3.23%, which decreases to 2.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.40 to suggest the stock is neutral.

The consensus objective for the share price is $2.87, suggesting that the stock has a potential upside of 34.49% over the period.

HSBC Securities upgraded the stock to “Buy” from Hold on November 01, 2023 at a price target of $2.90.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) stock is up 8.52% over the week and 0.52% over the past month. Its price is 8.54% year-to-date and 8.41% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.05 for whole year.

To reach the target analysts have set, the stock logically needs to grow 34.49 percent from here.

The company has a return on investment of 18.48% and return on equity of 27.27%. The price to earnings ratio (P/E ratio) amounts to 4.66 while the forward price to earnings ratio is 5.94. The beta has a value of 1.27. Price to book ratio is 1.49 and price to sales ratio is 0.48.