Cia Energetica DE Minas Gerais – Cemig ADR (CIG) concluded trading on Wednesday at a closing price of $2.35, with 3.37 million shares of worth about $7.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.35% during that period and on March 20, 2024 the price saw a gain of about 3.52%. Currently the company’s common shares owned by public are about 1.46B shares, out of which, 1.46B shares are available for trading.
Stock saw a price change of 2.17% in past 5 days and over the past one month there was a price change of -1.67%. Year-to-date (YTD), CIG shares are showing a performance of 1.29% which increased to 30.02% 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 2.43 million. The stock is currently trading 0.95% above its 20-day simple moving average (SMA20), while that difference is up 1.41% for SMA50 and it goes to 1.36% 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 10.64% of that.
The stock has a current market capitalization of $3.44B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 4.97, 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 2.69% while standing at 2.26% over the month.
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.
