A new trading day began on Friday, with Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) stock price down -2.50% from the previous day of trading, before settling in for the closing price of $2.00. CIG’s price has ranged from $1.46 to $2.15 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 5.37%. Meanwhile, its annual earnings per share averaged -17.30%. With a float of $1.90 billion, this company’s outstanding shares have now reached $1.90 billion.
Let’s determine the extent of company efficiency that accounts for 4918 employees. In terms of profitability, gross margin is 25.55%, operating margin of 18.83%, and the pretax margin is 18.23%.
Cia Energetica DE Minas Gerais – Cemig ADR (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 Cia Energetica DE Minas Gerais – Cemig ADR is 0.00%, while institutional ownership is 8.75%.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Recent Fiscal highlights
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 -17.30% per share during the next fiscal year.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Trading Performance Indicators
Here are Cia Energetica DE Minas Gerais – Cemig ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.50. Likewise, its price to free cash flow for the trailing twelve months is 3.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.53, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.26 in one year’s time.
Technical Analysis of Cia Energetica DE Minas Gerais – Cemig ADR (CIG)
Looking closely at Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG), its last 5-days average volume was 3.07 million, which is a jump from its year-to-date volume of 2.35 million. As of the previous 9 days, the stock’s Stochastic %D was 31.62%. Additionally, its Average True Range was 0.07.
During the past 100 days, Cia Energetica DE Minas Gerais – Cemig ADR’s (CIG) raw stochastic average was set at 42.86%, which indicates a significant increase from 28.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.77% in the past 14 days, which was higher than the 33.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9916, while its 200-day Moving Average is $1.9379. However, in the short run, Cia Energetica DE Minas Gerais – Cemig ADR’s stock first resistance to watch stands at $1.9867. Second resistance stands at $2.0233. The third major resistance level sits at $2.0767. If the price goes on to break the first support level at $1.8967, it is likely to go to the next support level at $1.8433. Now, if the price goes above the second support level, the third support stands at $1.8067.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Key Stats
With a market capitalization of 3.71 billion, the company has a total of 2,861,782K Shares Outstanding. Currently, annual sales are 7,381 M while annual income is 1,155 M. The company’s previous quarter sales were 1,808 M while its latest quarter income was 323,420 K.
