Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 1.75M but it saw 1130421 shares traded in last market. With a market cap of 3.62B USD, the company’s current market price of $1.90 came falling about -1.04 while comparing to the previous closing price of $1.92. 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 $1.89 while lowest mark touched by it was $1.9182.
Taking a look at 20-day trading activity of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) gives us an average price of $1.9940, while its current price level is -11.63% below from 52-week high level whereas it is 32.16% 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 $2.0528 while that of 200 days or SMA-200 reads an average of $1.9110. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.27% during that period while stretching the period over a month that decreases to 2.11%. 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 34.83 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 -2.56% down while it is -7.77% when we observe its performance for the past one month. Year-to-date it is 14.26% up and over the past year, the stock is showing an upside performance of 19.17%.
The company is expected to be releasing its next quarterly report on 2024-Nov-13, for which analysts forecasted an EPS of 0.13 while estimate for next year EPS is 0.21. In next quarter, company is expected to be making quarterly sales of $1.86B as analysts are expecting the sales for current fiscal year at $4.26B and seeing the company making $4.38B in sales next year. Moreover, analysts are in estimates of $1.86B for current-quarter revenue.
Currently, Cia Energetica DE Minas Gerais – Cemig ADR’s total number of outstanding shares is 1.90B with 0.00% of that held by the insiders while 9.19% of its common stock has been owned by the institutions. 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 4.57 while having a 6.91 of forward P/E ratio. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 1.13 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 11.06% on average.
