Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is 22.68% higher on its value in year-to-date trading and has touched a low of $1.44 and a high of $2.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIG stock was last observed hovering at around $2.07 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.04, the stock is -2.16% and 2.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing -1.45% at the moment leaves the stock 13.15% off its SMA200. CIG registered 30.74% gain for a year compared to 6-month gain of 11.36%. The firm has a 50-day simple moving average (SMA 50) of $2.0348 and a 200-day simple moving average (SMA200) of $1.8978846.
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The stock witnessed a -2.86% loss in the last 1 month and extending the period to 3 months gives it a 14.86%, and is -2.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.18% over the month.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has around 4918 employees, a market worth around $3.88B and $7.58B in sales. Current P/E ratio is 4.90 and Fwd P/E is 7.07. Profit margin for the company is 15.70%. Distance from 52-week low is 41.89% and -5.12% from its 52-week high. The company has generated returns on investments over the last 12 months (19.44%).
The EPS is expected to shrink by -21.99% this year
The shares outstanding are 1.90B, and float is at 1.90B with Short Float at 0.26%.
The top institutional shareholder in the company is BLACKROCK INC. with over 20.13 million shares valued at $35.43 million. The investor’s holdings represent 0.7037 of the CIG Shares outstanding. As of 2024-06-30, the second largest holder is POLUNIN CAPITAL PARTNERS LTD with 17.04 million shares valued at $29.99 million to account for 0.5956 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.53 million shares representing 0.4729 and valued at over $23.81 million, while TSP CAPITAL MANAGEMENT GROUP, LLC holds 0.3242 of the shares totaling 9.28 million with a market value of $16.32 million.
