A new trading day began on May 26, 2022, with Companhia Energetica de Minas Gerais (NYSE: CIG) stock priced at $2.48, down -0.79% from the previous day of trading. During the day, the shares moved up to $2.535 and dropped to $2.48 before settling in for the closing price of $2.53. CIG’s price has ranged from $1.54 to $2.61 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 12.40%. Meanwhile, its annual earnings per share averaged 31.00%. With a float of $1.63 billion, this company’s outstanding shares have now reached $1.69 billion.
Considering the fact that the conglomerate employs 5025 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +19.68, operating margin of +17.42, and the pretax margin is +13.42.
Companhia Energetica de Minas Gerais (CIG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Diversified Industry. The insider ownership of Companhia Energetica de Minas Gerais is 1.00%, while institutional ownership is 19.90%.
Companhia Energetica de Minas Gerais (CIG) Recent Fiscal highlights
In its latest quarterly report, released on 6/29/2021, the company reported earnings of $0.22 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +11.15 while generating a return on equity of 20.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by 0.00% during the next five years compared to 58.50% growth over the previous five years of trading.
Companhia Energetica de Minas Gerais (NYSE: CIG) Trading Performance Indicators
Here are Companhia Energetica de Minas Gerais’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.84. Likewise, its price to free cash flow for the trailing twelve months is 13.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.45
Technical Analysis of Companhia Energetica de Minas Gerais (CIG)
Compared to the last year’s volume of 7.91 million, its volume of 6.26 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 98.03%. Additionally, its Average True Range was 0.09.
During the past 100 days, Companhia Energetica de Minas Gerais’s (CIG) raw stochastic average was set at 89.76%, which indicates a significant decrease from 96.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.81% in the past 14 days, which was lower than the 45.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.32, while its 200-day Moving Average is $1.99. Nevertheless, the first resistance level for the watch stands at $2.54 in the near term. At $2.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.59. If the price goes on to break the first support level at $2.48, it is likely to go to the next support level at $2.45. Now, if the price goes above the second support level, the third support stands at $2.43.
Companhia Energetica de Minas Gerais (NYSE: CIG) Key Stats
With a market capitalization of 5.75 billion, the company has a total of 2,454,528K Shares Outstanding. Currently, annual sales are 6,235 M while annual income is 695,060 K. The company’s previous quarter sales were 1,722 M while its latest quarter income was 169,790 K.