Let’s look at the key reasons that are pushing Millicom International Cellular S.A (TIGO) to new highs

On Tuesday, Millicom International Cellular S.A (NASDAQ: TIGO) was 2.94% up from the session before settling in for the closing price of $30.24. A 52-week range for TIGO has been $18.96 – $31.05.

During the last 5-year period, the sales growth of Communication Services Sector giant was 6.70%. When this article was written, the company’s average yearly earnings per share was at 70.78%. With a float of $99.91 million, this company’s outstanding shares have now reached $170.24 million.

Let’s determine the extent of company efficiency that accounts for 16527 employees. In terms of profitability, gross margin is 70.28%, operating margin of 23.12%, and the pretax margin is 9.51%.

Millicom International Cellular S.A (TIGO) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Millicom International Cellular S.A stocks. The insider ownership of Millicom International Cellular S.A is 41.95%, while institutional ownership is 6.78%.

Millicom International Cellular S.A (TIGO) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.57 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 70.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.43% during the next five years compared to 20.47% growth over the previous five years of trading.

Millicom International Cellular S.A (NASDAQ: TIGO) Trading Performance Indicators

You can see what Millicom International Cellular S.A (TIGO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.92. Likewise, its price to free cash flow for the trailing twelve months is 4.81.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.46, a number that is poised to hit 0.72 in the next quarter and is forecasted to reach 3.54 in one year’s time.

Technical Analysis of Millicom International Cellular S.A (TIGO)

Looking closely at Millicom International Cellular S.A (NASDAQ: TIGO), its last 5-days average volume was 1.25 million, which is a jump from its year-to-date volume of 0.58 million. As of the previous 9 days, the stock’s Stochastic %D was 90.70%. Additionally, its Average True Range was 0.90.

During the past 100 days, Millicom International Cellular S.A’s (TIGO) raw stochastic average was set at 95.80%, which indicates a significant increase from 94.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.87% in the past 14 days, which was higher than the 29.88% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $27.12, while its 200-day Moving Average is $26.09. However, in the short run, Millicom International Cellular S.A’s stock first resistance to watch stands at $31.68. Second resistance stands at $32.22. The third major resistance level sits at $32.98. If the price goes on to break the first support level at $30.37, it is likely to go to the next support level at $29.61. Now, if the price goes above the second support level, the third support stands at $29.06.

Millicom International Cellular S.A (NASDAQ: TIGO) Key Stats

There are 172,096K outstanding shares of the company, which has a market capitalization of 5.36 billion. As of now, sales total 5,804 M while income totals 253,000 K. Its latest quarter income was 1,428 M while its last quarter net income were 31,000 K.