Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 3.25M but it saw 5360680 shares traded in last market. With a market cap of 3.22B USD, the company’s current market price of $1.69 came rising about 4.32 while comparing to the previous closing price of $1.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.07 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $1.59 while lowest mark touched by it was $1.72.
Taking a look at 20-day trading activity of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) gives us an average price of $1.8110, while its current price level is -18.51% below from 52-week high level whereas it is 5.50% 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 $1.8688 while that of 200 days or SMA-200 reads an average of $1.9231. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.90% during that period while stretching the period over a month that decreases to 3.24%. 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 39.90 which implies that the stock is in neutral territory.
Over the week, CIG’s stock price is moving -1.74% down while it is -9.87% when we observe its performance for the past one month. Year-to-date it is -2.74% down and over the past year, the stock is showing a downside performance of -5.48%.
The company is expected to be releasing its next quarterly report on 2024-Nov-13, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.2. In next quarter, company is expected to be making quarterly sales of $9.05B as analysts are expecting the sales for current fiscal year at $35.33B and seeing the company making $36.16B in sales next year. Moreover, analysts are in estimates of $8.94B 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 9.00% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 21.94% and return on equity (ROE) at 28.91%. It has a price to earnings ratio (P/E ratio) of 3.67 while having a 7.22 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 0.73 while price to sale or P/S ratio amounts to 0.44. Its return on asset (ROA) is 12.57% on average.
