Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 1.83M but it saw 1071113 shares traded in last market. With a market cap of 3.94B USD, the company’s current market price of $2.07 remained unchanged while comparing to the previous closing price of $2.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.15 and as low as $1.44. In the recent trading on the day, stock has struck highest price mark of $2.07 while lowest mark touched by it was $2.1199.
Taking a look at 20-day trading activity of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) gives us an average price of $2.09, while its current price level is -3.72% below from 52-week high level whereas it is 43.98% 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 $2.03 while that of 200 days or SMA-200 reads an average of $1.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.42% during that period while stretching the period over a month that decreases to 2.25%. 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 52.24 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 1.47% up while it is 1.47% when we observe its performance for the past one month. Year-to-date it is 24.49% up and over the past year, the stock is showing an upside performance of 26.58%.
Currently, Cia Energetica DE Minas Gerais – Cemig ADR’s total number of outstanding shares is 1.90B. Company’s return on investment (ROI) stands at 19.44% and return on equity (ROE) at 25.57%. It has a price to earnings ratio (P/E ratio) of 4.97 while having a 7.18 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 1.23 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is 11.06% on average.
