Companhia Energetica de Minas Gerais (NYSE:CIG) finished Thursday with an addition of $0.01 to close at $2.44, an upside of 0.41 percent. An average of 2,686,960 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,773,695 shares traded, while the 50-day average volume stands at 3,579,640.
CIG stock has decreased by -4.31% in the last month. The company shares reached their 1-month lowest point of $2.39 on 08/08/23. With the stock rallying to its 52-week high on 06/23/23, shares of the company touched a low of $1.69 and a high of $2.68 in 52 weeks. It has reached a new high 20 times so far this year and achieved 24.14% or $0.41 in price. In spite of this, the price is down -8.96% from the 52-week high.
Valuation Metrics
Companhia Energetica de Minas Gerais (CIG) has a trailing price-to-earnings (P/E) ratio of 6.54. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.91, the price-to-book (PB) ratio at 0.24, and the price-to-cash flow ratio at 15.02.
The company has a payout ratio of 51.17%. The company’s most recent quarterly dividend payment was $0.13 a share, representing a up of 815.49% from $0.0142 last year. Its latest increase dividend $0.1158 reported on Friday April 6 2018.
Financial Health
Companhia Energetica de Minas Gerais’s EBITDA margin is 20.59%. Its gross profit as reported stood at $927.63 million compared to revenue of $6.68 billion.
Earnings Surprise
For the recent quarter, Companhia Energetica de Minas Gerais had $48.07 million in total debt. The company posted a net income of $777.48 million in the quarter, while revenues were grew 8.33%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Companhia Energetica de Minas Gerais (CIG) price momentum. RSI 9-day as of the close on 10 August was 35.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.25%.
As of today, CIG’s price is $2.43 -2.79% or -$0.07 from its 5-day moving average. CIG is currently trading -6.87% lower than its 20-day SMA and +23.86% higher than its 100-day SMA. However, the stock’s current price level is +5.17% above the SMA50 and +10.91% above the SMA200.
The stochastic %K and %D were 13.10% and 9.60%, respectively, and the average true range (ATR) was 0.06. With the 14-day stochastic at 17.86% and the average true range at 0.06, the RSI (14) stands at 40.24%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
Goldman launched coverage on Companhia Energetica de Minas Gerais (NYSE: CIG) in its analyst report released on November 14, 2019. The firm assigned the stock a Buy rating. The consensus rating for Companhia Energetica de Minas Gerais (CIG) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CIG, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is CIG’s price target for the next 12 months?
Analysts predict a range of price targets between $2.14 and $2.14, with a median target of $2.14. Taking a look at these predictions, the average price target given by analysts for Companhia Energetica de Minas Gerais (CIG) stock is $2.14.
