Companhia Energetica de Minas Gerais (NYSE:CIG) finished Thursday with a subtraction of -$0.01 to close at $2.47, a downside of -0.40 percent. An average of 11,613,160 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 5,677,975 shares traded, while the 50-day average volume stands at 4,543,886.
CIG stock has decreased by -7.14% in the last month. The company shares reached their 1-month lowest point of $2.32 on 08/21/23. 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 25.67% or $0.44 in price. In spite of this, the price is down -7.84% from the 52-week high.
Valuation Metrics
Companhia Energetica de Minas Gerais (CIG) has a trailing price-to-earnings (P/E) ratio of 5.17. The stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 1.14, and the price-to-cash flow ratio at 10.28.
The company has a payout ratio of 245.20%. 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
Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.52 for the recent quarter. Companhia Energetica de Minas Gerais’s EBITDA margin is 20.59%, while its operating margin for the same period stands at 18.10%. 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 24 August was 54.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.26%.
As of today, CIG’s price is $2.43 +4.22% or $0.10 from its 5-day moving average. CIG is currently trading -4.26% lower than its 20-day SMA and +10.27% higher than its 100-day SMA. However, the stock’s current price level is -1.98% below the SMA50 and +5.56% above the SMA200.
The stochastic %K and %D were 67.41% and 49.19%, respectively, and the average true range (ATR) was 0.06. With the 14-day stochastic at 83.33% and the average true range at 0.06, the RSI (14) stands at 49.81%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
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.
