As of Wednesday close, Companhia Energetica de Minas Gerais’s (NYSE:CIG) stock was up $0.03, moving up 1.20 percent to $2.54. The average number of shares traded per day over the past five days has been 2,925,260 shares. 3 times new highs have been achieved over the past 5 days, with a $0.06 gain in that time frame. In the last twenty days, the average volume was 5,766,755, while in the previous 50 days, it was 4,285,224.
Since last month, CIG stock retreated -1.93%. Shares of the company fell to $2.32 on 08/21/23, the lowest level in the past month. A 52-week high of $2.68 was reached on 06/23/23 after having rallying from a 52-week low of $1.69. Since the beginning of this year, CIG’s stock price has risen by 29.23% or $0.51, and marked a new high 20 times. However, the stock has declined by -5.22% since its 52-week high.
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Valuation Metrics
Right now, Companhia Energetica de Minas Gerais (CIG) has a P/E ratio of about 5.22. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 1.15, and the price-to-cash flow ratio of 9.86 may also be considered.
The latest dividend of $0.13 per share was paid out, which is 815.49% more than last year’s $0.0142. On Friday April 6 2018, a $0.1158 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.48, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 21.10% percent. In the recent year, EBITDA margin amounted to 20.59%, whereas operating margins totaled 18.10%. Based on annual data, CIG earned $927.63 million in gross profit and brought in $6.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.30%. Return on equity (ROE) for the past 12 months was 23.40%.
CIG’s revenue rose 2.37% during the quarter, while net income inched up to $6.55 billion. The liabilities of Companhia Energetica de Minas Gerais were 6.02 billion at the end of its most recent quarter, and its total debt was $12.25 billion.
Technical Picture
This quick technical analysis looks at Companhia Energetica de Minas Gerais’s (CIG) price momentum. With a historical volatility rate of 10.67%, the RSI 9-day stood at 67.20% on 30 August.
With respect to its five-day moving average, the current Companhia Energetica de Minas Gerais price is up by +2.42% percent or $0.06. At present, CIG shares trade -1.55% below its 20-day simple moving average and +10.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.31% below its SMA50 and +29.59% above its SMA200.
Stochastic coefficient K was 88.46% and Stochastic coefficient D was 88.81%, while ATR was 0.06. Given the Stochastic reading of 81.48% for the 14-day period, the RSI (14) reading has been calculated as 58.30%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.07.
Analyst Ratings
Goldman launched its rating on Companhia Energetica de Minas Gerais (NYSE: CIG) to a Buy in a note to investors on November 14, 2019. Companhia Energetica de Minas Gerais (CIG) has been rated Hold by analysts. According to 0 brokerage firms, CIG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Companhia Energetica de Minas Gerais stock as buy, with 1 recommending it as overweight.
With a median target price of $2.14, the current consensus forecast for the stock is $2.14 – $2.14. Based on these forecasts, analysts predict Companhia Energetica de Minas Gerais (CIG) will achieve an average price target of $2.14.
