Cia Energetica DE Minas Gerais – Cemig ADR (CIG) concluded trading on Thursady at a closing price of $2.32, with 9.56 million shares of worth about $22.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.75% during that period and on Thursady the price saw a loss of about -0.85%. Currently the company’s common shares owned by public are about 1.46B shares, out of which, 1.46B shares are available for trading.
However, the stock later moved at a day high price of 2.3800, or with a loss of -0.85%. Stock saw a price change of 4.04% in past 5 days and over the past one month there was a price change of 0.87%. Year-to-date (YTD), CIG shares are showing a performance of 0.00% which increased to 27.07% 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 3.07 million. The stock is currently trading 1.58% above its 20-day simple moving average (SMA20), while that difference is up 2.02% for SMA50 and it goes to 0.51% higher than SMA200.
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Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) currently have 1.46B outstanding shares and institutions hold larger chunk of about 10.67% of that.
The stock has a current market capitalization of $3.40B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 4.90, 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 2.60% while standing at 2.11% 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 31.16% while it is estimated to decrease by -11.69% 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.
Coverage by HSBC Securities stated Cia Energetica DE Minas Gerais – Cemig ADR (CIG) stock as a Buy in their note to investors on November 01, 2023, suggesting a price target of $2.90 for the stock. Stock get an Overweight rating from JP Morgan on April 10, 2019.
