Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) on Tuesday, soared 2.62% from the previous trading day, before settling in for the closing price of $1.91. Within the past 52 weeks, CIG’s price has moved between $1.55 and $2.11.
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A company in the Utilities sector has jumped its sales by 5.19% annually for the last half of the decade. The company achieved an average annual earnings per share of -10.47%. With a float of $1.90 billion, this company’s outstanding shares have now reached $1.90 billion.
In an organization with 4918 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Utilities – Diversified industry stocks is more important than anything else. The insider ownership of Cia Energetica DE Minas Gerais – Cemig ADR is 0.00%, while institutional ownership is 8.54%.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -10.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -18.49% during the next five years compared to 19.94% growth over the previous five years of trading.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Trading Performance Indicators
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) is currently performing well based on its current performance indicators. A quick ratio of 1.04 was reported for the most recent quarter. 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 3.36.
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 0.24 in one year’s time.
Technical Analysis of Cia Energetica DE Minas Gerais – Cemig ADR (CIG)
Let’s dig in a bit further. During the last 5-days, its volume was 1.6 million. That was inferior than the volume of 1.76 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.13%. Additionally, its Average True Range was 0.05.
During the past 100 days, Cia Energetica DE Minas Gerais – Cemig ADR’s (CIG) raw stochastic average was set at 61.36%, which indicates a significant decrease from 68.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.93% in the past 14 days, which was lower than the 33.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8418, while its 200-day Moving Average is $1.9345. However, in the short run, Cia Energetica DE Minas Gerais – Cemig ADR’s stock first resistance to watch stands at $1.9800. Second resistance stands at $2.0000. The third major resistance level sits at $2.0200. If the price goes on to break the first support level at $1.9400, it is likely to go to the next support level at $1.9200. Assuming the price breaks the second support level, the third support level stands at $1.9000.
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Key Stats
Market capitalization of the company is 3.73 billion based on 2,861,782K outstanding shares. Right now, sales total 7,381 M and income totals 1,155 M. The company made 1,830 M in profit during its latest quarter, and 591,420 K in sales during its previous quarter.
