The Stock Of The Week: Millicom International Cellular S.A. (TIGO)

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As of Wednesday close, Millicom International Cellular S.A.’s (NASDAQ:TIGO) stock was up $0.22, moving up 1.65 percent to $13.57. The average number of shares traded per day over the past five days has been 151,320 shares. 2 times new highs have been achieved over the past 5 days, with a $0.43 gain in that time frame. In the last twenty days, the average volume was 181,560, while in the previous 50 days, it was 190,036.

Since last month, TIGO stock rose 21.59%. Shares of the company fell to $10.22 on 10/27/22, the lowest level in the past month. A 52-week high of $27.51 was reached on 01/13/22 after having rallying from a 52-week low of $10.22. Since the beginning of this year, TIGO’s stock price has dropped by -40.10% or -$14.88, and marked a new high 5 times. However, the stock has declined by -50.67% since its 52-week high.


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Valuation Metrics

Right now, Millicom International Cellular S.A. (TIGO) has a P/E ratio of about 1.98. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 0.66, and the price-to-cash flow ratio of 5.38 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.15. On the profitability front, the trailing twelve-month gross margin is 72.60% percent. Based on annual data, TIGO earned $3.32 billion in gross profit and brought in $4.62 billion in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TIGO’s revenue rose 100.0% during the quarter, while net income inched up to $4.62 billion. While analysts expected Millicom International Cellular S.A. to report $0.36 quarterly earnings, the actual figure was -$0.18 per share. During the quarter, the company generated $539.0 million in EBITDA. The liabilities of Millicom International Cellular S.A. were 10.57 billion at the end of its most recent quarter ended September 29, and its total debt was $7.94 billion.

Technical Picture

This quick technical analysis looks at Millicom International Cellular S.A.’s (TIGO) price momentum. With a historical volatility rate of 23.73%, the RSI 9-day stood at 69.90% on 23 November.

With respect to its five-day moving average, the current Millicom International Cellular S.A. price is up by +3.27% percent or $0.43. At present, TIGO shares trade +21.16% above its 20-day simple moving average and -4.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately +6.10% above its SMA50 and -51.17% below its SMA200.

Stochastic coefficient K was 86.73% and Stochastic coefficient D was 85.45%, while ATR was 0.43. Given the Stochastic reading of 91.18% for the 14-day period, the RSI (14) reading has been calculated as 65.29%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.36.

Analyst Ratings

HSBC Securities upgraded its rating on Millicom International Cellular S.A. (NASDAQ: TIGO) to a Hold in a note to investors on November 14, 2022. The analysts firm previously had a Reduce rating on the stock.Millicom International Cellular S.A. (TIGO) has been rated Overweight by analysts. According to 0 brokerage firms, TIGO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Millicom International Cellular S.A. stock as buy, with 7 recommending it as overweight.

With a median target price of $18.12, the current consensus forecast for the stock is $10.50 – $24.17. Based on these forecasts, analysts predict Millicom International Cellular S.A. (TIGO) will achieve an average price target of $18.76.

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