Cia Energetica DE Minas Gerais – Cemig ADR (CIG) concluded trading on 01/11/24 at a closing price of $2.43, with 2.08 million shares of worth about $5.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.12% during that period and on Thursday the price saw a gain of about 0.41%. Currently the company’s common shares owned by public are about 1.46B shares, out of which, 1.46B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the CIG stock and their offered price forecasts bring an average price target of $12.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.16 and could fall to a lowest price of $11.25. The stock’s current price level is -19.7% below of average price target set by the analysts, while a dip to estimated low would result in gain of 78.4% for the stock. However, touching the estimated high of $15.16 would mean a gain of 83.97% for the stock.
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Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) started trading at $2.45, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 2.4700, or with a gain of 0.41%. Stock saw a price change of 6.11% in past 5 days and over the past one month there was a price change of 18.72%. Year-to-date (YTD), CIG shares are showing a performance of 4.74% which increased to 24.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.76 but also hit the highest price of $2.61 during that period. The average intraday trading volume for Cia Energetica DE Minas Gerais – Cemig ADR shares is 3.24 million. The stock is currently trading 7.70% above its 20-day simple moving average (SMA20), while that difference is up 7.36% for SMA50 and it goes to 5.97% higher than SMA200.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) currently have 1.46B outstanding shares and institutions hold larger chunk of about 12.05% of that.
The stock has a current market capitalization of $3.56B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 5.14, while it has posted earnings per share of $0.47 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CIG, volatility over the week remained 1.73% while standing at 2.03% over the month.
Analysts are in expectations that Cia Energetica DE Minas Gerais – Cemig ADR (CIG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 28.85% while it is estimated to decrease by -11.34% in next year. EPS is likely to shrink at an annualized rate of 0.00% for next 5-years, compared to annual growth of 16.88% made by the stock over the past 5-years.
Analysts at 8 brokerage firms have issued recommendations for the Cia Energetica DE Minas Gerais – Cemig ADR (CIG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.86. Out of those 8 Wall Street analysts, 2 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
