Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is -5.05% lower on its value in year-to-date trading and has touched a low of $1.60 and a high of $2.07 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 $1.69 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.65, the stock is -8.96% and -10.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing -2.37% at the moment leaves the stock -10.83% off its SMA200. CIG registered -6.62% loss for a year compared to 6-month loss of -16.14%. The firm has a 50-day simple moving average (SMA 50) of $1.8758 and a 200-day simple moving average (SMA200) of $1.9252.
The stock witnessed a -14.25% gain in the last 1 month and extending the period to 3 months gives it a -2.85%, and is -6.25% 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 3.39% over the week and 2.85% over the month.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has around 5028 employees, a market worth around $3.14B and $7.38B in sales. Current P/E ratio is 3.58 and Fwd P/E is 7.05. Profit margin for the company is 17.86%. Distance from 52-week low is 3.00% and -20.43% from its 52-week high. The company has generated returns on investments over the last 12 months (21.94%).
The EPS is expected to shrink by -45.31% this year.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Top Institutional Holders
220.0 institutions hold shares in Cia Energetica DE Minas Gerais – Cemig ADR (CIG), with institutional investors hold 9.00% of the company’s shares. The shares outstanding are 1.90B, and float is at 1.90B with Short Float at 0.09%. Institutions hold 9.00% of the Float.
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 0.3243 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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