Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) saw a downside of -0.78% to close Monday at $2.55 after subtracting -$0.02 on the day. The 5-day average trading volume is 2,911,560 shares of the company’s common stock. It has gained $2.68 in the past week and touched a new high 2 times within the past 5 days. An average of 2,559,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,968,116.
CIG’s 1-month performance is 3.24% or $0.07 on its low of $2.37 reached on 09/07/23. The company’s shares have touched a 52-week low of $1.69 and high of $2.68, with the stock’s rally to the 52-week high happening on 06/23/23. YTD, CIG has achieved 29.74% or $0.52 and has reached a new high 20 times. However, the current price is down -4.85% from the 52-week high price.
Valuation Metrics
CIG stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.53 while the price-to-book (PB) in the most recent quarter is 1.24, with the price to cash flow ratio at 3.28.
Cia Energetica DE Minas Gerais – Cemig ADR’s quick ratio for the recent period was 1.34, with the current ratio over the same period at 1.34. In terms of profitability, the gross margin trailing 12 months is 20.12%. The trailing 12-month EBITDA margin is 20.59%. The firm’s gross profit as reported stood at $927.63 million against revenue of $6.68 billion.
Earnings Surprise
Net income grew 8.33% to $777.48 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $304.29 million. CIG stock balance sheet for the recent quarter shows that total liabilities totaled 6.25 billion, with total debt at $12.25 billion.
Let’s look briefly at Cia Energetica DE Minas Gerais – Cemig ADR (CIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 51.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.92%.
The stock’s 5-day moving average is $2.60, reflecting a -1.92% or -$0.05 change from its current price. CIG is currently trading +2.82% above its 20-day SMA, +5.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.78% and SMA200 by+22.01%.
Stochastic %K and %D was 62.39% and 73.74% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 53.18%, while the 14-day stochastic is at 58.08% with the period’s ATR at 0.06. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CIG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CIG as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is CIG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.14 and a high of $2.14, with their median price target at $2.14. Looking at these predictions, the average price target given by analysts is for Cia Energetica DE Minas Gerais – Cemig ADR (CIG) stock is $2.14.
