Companhia Energetica de Minas Gerais (NYSE: CIG) kicked off on May 19, 2023, at the price of $2.37, up 0.84% from the previous trading day. During the day, the shares moved up to $2.41 and dropped to $2.365 before settling in for the closing price of $2.38. Over the past 52 weeks, CIG has traded in a range of $1.72-$2.55.
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Annual sales at Utilities sector company grew by 9.70% over the past five years. While this was happening, its average annual earnings per share was recorded 9.10%. With a float of $1.46 billion, this company’s outstanding shares have now reached $1.46 billion.
Let’s look at the performance matrix of the company that is accounted for 4969 employees. In terms of profitability, gross margin is +19.55, operating margin of +17.16, and the pretax margin is +9.51.
Companhia Energetica de Minas Gerais (CIG) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Diversified Industry. The insider ownership of Companhia Energetica de Minas Gerais is 1.00%, while institutional ownership is 21.80%.
Companhia Energetica de Minas Gerais (CIG) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/29/2021, the organization reported $0.22 earnings per share (EPS), higher than consensus estimate (set at $0.01) by $0.21. This company achieved a net margin of +11.87 while generating a return on equity of 20.79. 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 9.10% per share during the next fiscal year.
Companhia Energetica de Minas Gerais (NYSE: CIG) Trading Performance Indicators
Take a look at Companhia Energetica de Minas Gerais’s (CIG) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 0.90. Likewise, its price to free cash flow for the trailing twelve months is 12.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.38 and is forecasted to reach 0.06 in one year’s time.
Technical Analysis of Companhia Energetica de Minas Gerais (CIG)
Companhia Energetica de Minas Gerais (NYSE: CIG) saw its 5-day average volume 3.52 million, a negative change from its year-to-date volume of 4.29 million. As of the previous 9 days, the stock’s Stochastic %D was 37.25%. Additionally, its Average True Range was 0.07.
During the past 100 days, Companhia Energetica de Minas Gerais’s (CIG) raw stochastic average was set at 77.86%, which indicates a significant increase from 41.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.72% in the past 14 days, which was lower than the 35.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.28, while its 200-day Moving Average is $2.19. Nevertheless, the first resistance level for the watch stands at $2.42 in the near term. At $2.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.46. If the price goes on to break the first support level at $2.37, it is likely to go to the next support level at $2.35. The third support level lies at $2.33 if the price breaches the second support level.
Companhia Energetica de Minas Gerais (NYSE: CIG) Key Stats
The company with the Market Capitalisation of 6.33 billion has total of 2,201,371K Shares Outstanding. Its annual sales at the moment are 6,235 M in contrast with the sum of 695,060 K annual income. Company’s last quarter sales were recorded 9,223 M and last quarter income was 1,182 M.
