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Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Stock Could Soon Reward Patient Investors

Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is -2.82% lower on its value in year-to-date trading and has touched a low of $1.54 and a high of $2.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIG stock was last observed hovering at around $1.72 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.72, the stock is -3.90% and -8.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.78 million and changing 0.00% at the moment leaves the stock -7.61% off its SMA200. CIG registered 0.93% gain for a year compared to 6-month gain of -5.02%. The firm has a 50-day simple moving average (SMA 50) of $1.9086 and a 200-day simple moving average (SMA200) of $1.9437577.

The stock witnessed a -7.86% loss in the last 1 month and extending the period to 3 months gives it a -11.58%, and is -0.58% 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 2.53% over the week and 2.77% over the month.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has around 4918 employees, a market worth around $3.28B and $7.48B in sales. Current P/E ratio is 3.22 and Fwd P/E is 7.01. Profit margin for the company is 20.44%. Distance from 52-week low is 11.53% and -18.57% from its 52-week high. The company has generated returns on investments over the last 12 months (22.05%).

with sales reaching $9.67B over the same period.The EPS is expected to shrink by -17.10% this year, but quarterly earnings will post 3.16% year-over-year. Quarterly sales are estimated to shrink -2.87% in year-over-year returns.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Top Institutional Holders

The shares outstanding are 1.90B, and float is at 1.90B with Short Float at 0.15%.

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.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Insider Activity

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