Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 1.78M but it saw 1123464 shares traded in last market. With a market cap of 3.73B USD, the company’s current market price of $1.96 came rising about 0.51 while comparing to the previous closing price of $1.95. 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 $1.9201 while lowest mark touched by it was $1.96.
Taking a look at 20-day trading activity of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) gives us an average price of $2.0200, while its current price level is -8.84% below from 52-week high level whereas it is 36.33% 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 $2.0552 while that of 200 days or SMA-200 reads an average of $1.9084. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.93% during that period while stretching the period over a month that increases to 2.16%. 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 39.92 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 -1.01% down while it is -7.11% when we observe its performance for the past one month. Year-to-date it is 17.87% up and over the past year, the stock is showing an upside performance of 22.41%.
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 4.71 while having a 6.95 of forward P/E ratio. Stock’s beta reads 1.27. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is 11.06% on average.
