Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Increases 4.84% Over A Month, But Analysts Still See Upside Potential

Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 3.71M but it saw 3863544 shares traded in last market. With a market cap of 3.71B USD, the company’s current market price of $1.95 came rising about 0.52 while comparing to the previous closing price of $1.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.07 and as low as $1.59. In the recent trading on the day, stock has struck highest price mark of $1.93 while lowest mark touched by it was $1.97.

Over the week, CIG’s stock price is moving 5.41% up while it is 4.84% when we observe its performance for the past one month. Year-to-date it is 12.22% up and over the past year, the stock is showing an upside performance of 17.54%.

The company is expected to be releasing its next quarterly report on 2025-May-14, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.21. In next quarter, company is expected to be making quarterly sales of $9.52B as analysts are expecting the sales for current fiscal year at $36.65B and seeing the company making $34.07B in sales next year. Moreover, analysts are in estimates of $9.47B for current-quarter revenue.

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 17.71% and return on equity (ROE) at 26.38%. It has a price to earnings ratio (P/E ratio) of 4.41 while having a 8.68 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 1.14 while price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is 11.17% on average.

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