Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) kicked off on Monday, down -4.23% from the previous trading day, before settling in for the closing price of $1.89. Over the past 52 weeks, CIG has traded in a range of $1.57-$2.15.
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Annual sales at Utilities sector company grew by 5.37% over the past five years. While this was happening, its average annual earnings per share was recorded -16.40%. With a float of $1.90 billion, this company’s outstanding shares have now reached $1.90 billion.
Let’s look at the performance matrix of the company that is accounted for 4918 employees. In terms of profitability, gross margin is 23.3%, operating margin of 0.05%, and the pretax margin is 44.77%.
Cia Energetica DE Minas Gerais – Cemig ADR (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 Cia Energetica DE Minas Gerais – Cemig ADR is 0.00%, while institutional ownership is 8.81%.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -16.40% per share during the next fiscal year.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Trading Performance Indicators
Take a look at Cia Energetica DE Minas Gerais – Cemig ADR’s (CIG) current performance indicators. Last quarter, 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 0.46. Likewise, its price to free cash flow for the trailing twelve months is 3.11.
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 0.25 in one year’s time.
Technical Analysis of Cia Energetica DE Minas Gerais – Cemig ADR (CIG)
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) saw its 5-day average volume 3.06 million, a positive change from its year-to-date volume of 2.4 million. As of the previous 9 days, the stock’s Stochastic %D was 42.03%. 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 13.64%, which indicates a significant decrease from 26.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.78% in the past 14 days, which was higher than the 35.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9430, while its 200-day Moving Average is $1.9443. Nevertheless, the first resistance level for the watch stands at $1.8500 in the near term. At $1.8900, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.9200. If the price goes on to break the first support level at $1.7800, it is likely to go to the next support level at $1.7500. The third support level lies at $1.7100 if the price breaches the second support level.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Key Stats
The company with the Market Capitalisation of 3.45 billion has total of 2,861,782K Shares Outstanding. Its annual sales at the moment are 7,381 M in contrast with the sum of 1,155 M annual income. Company’s last quarter sales were recorded 1,830 M and last quarter income was 591,470 K.
