Millicom International Cellular S.A (NASDAQ: TIGO) is 17.99% higher on its value in year-to-date trading and has touched a low of $18.25 and a high of $30.32 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 TIGO stock was last observed hovering at around $29.97 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $29.51, the stock is 7.28% and 10.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -1.53% at the moment leaves the stock 13.52% off its SMA200. TIGO registered 61.70% gain for a year compared to 6-month loss of 10.11%. The firm has a 50-day simple moving average (SMA 50) of $26.7824 and a 200-day simple moving average (SMA200) of $25.9947.
The stock witnessed a 10.32% gain in the last 1 month and extending the period to 3 months gives it a 16.69%, and is 4.61% up 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 3.41% over the week and 2.69% over the month.
Millicom International Cellular S.A (TIGO) has around 16527 employees, a market worth around $5.08B and $5.80B in sales. Current P/E ratio is 20.21 and Fwd P/E is 8.35. Profit margin for the company is 4.34%. Distance from 52-week low is 61.70% and -2.67% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).
The EPS is expected to grow by 73.02% this year
121.0 institutions hold shares in Millicom International Cellular S.A (TIGO), with institutional investors hold 7.20% of the company’s shares. The shares outstanding are 170.24M, and float is at 100.34M with Short Float at 0.80%. Institutions hold 7.07% of the Float.
The top institutional shareholder in the company is BRANDES INVESTMENT PARTNERS, LP with over 4.51 million shares valued at $110.64 million. The investor’s holdings represent 2.6324 of the TIGO Shares outstanding. As of 2024-06-30, the second largest holder is GAMCO INVESTORS, INC. ET AL with 0.93 million shares valued at $22.84 million to account for 0.5431 of the shares outstanding. The other top investors are LB PARTNERS LLC which holds 0.5 million shares representing 0.293 and valued at over $12.32 million, while GOLDMAN SACHS GROUP INC holds 0.2334 of the shares totaling 0.4 million with a market value of $9.82 million.
