The stock of Companhia Energetica de Minas Gerais (NYSE:CIG) decreased by -$0.1 on Tuesday to finish at $2.35, down -4.08 percent. The last five days have seen an average of 2,737,540 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.32. The average number of shares traded over the last 20 days was 2,711,080, while the average volume over the last 50 days totaled 3,380,886.
CIG stock dropped -8.20% since last month. On 08/15/23, the company’s shares reached a one-month low of $2.35. The stock touched a high of $2.68 on 06/23/23, after rallying from a low of $1.69 in 52 weeks. The price of CIG stock has risen by 19.56% or $0.32 this year, reaching a new high 20 times. Still, the stock price is down -12.31% from the 52-week high.
Valuation Metrics
Companhia Energetica de Minas Gerais (CIG) has a trailing price-to-earnings (P/E) ratio of 4.84. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.84, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 9.28.
Company paid $0.13 per share in dividends, an increase of 815.49% from $0.0142 last year. A $0.1158 dividend increase was reported on Friday April 6 2018.
Financial Health
For the recent quarter, Companhia Energetica de Minas Gerais’s current ratio was 1.30. The company’s long-term debt to equity ratio for the recent quarter is 0.48, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 21.10% percent. Companhia Energetica de Minas Gerais’s EBITDA margin for the recent year was 20.59%, whereas its operating margin stood at 18.10% for the same period. Based on annual data, it had gross profit of $927.63 million and revenue of $6.68 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CIG’s return on assets (ROA) during the last 12 months has been 9.60%. There was a 17.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.40%.
Earnings Surprise
Net income for the quarter came in at $6.55 billion, while revenues rose by 2.37% to $0.0. At the end of Companhia Energetica de Minas Gerais’s most recent quarter, its liabilities totaled 6.02 billion, while its total debt was $12.25 billion.
Technical Picture
Here’s a quick look at Companhia Energetica de Minas Gerais’s (CIG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 27.53%, suggesting the stock is oversold, with a 26.57% historical volatility rate.
The stochastic %K and %D were 22.62% and 21.83% respectively, while the average true range (ATR) was 0.06. Based on the 14-day stochastic reading of 0.00%, the RSI (14) reading is 34.18%. On the 9-day MACD Oscillator, the stock is at -0.01, and the 14-day reading is at -0.07.
Analyst Ratings
In its analyst report released on November 14, 2019, Goldman began covering Companhia Energetica de Minas Gerais (NYSE: CIG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Companhia Energetica de Minas Gerais (CIG) an Hold rating. CIG is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is CIG’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.14 and $2.14, with a median target price of $2.14. In analyzing these forecasts, the average price target given by analysts for Companhia Energetica de Minas Gerais (CIG) is $2.14.
