Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is -2.17% lower on its value in year-to-date trading and has touched a low of $1.59 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 $1.70 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.70, the stock is -2.83% and -7.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.59 million and changing 0.00% at the moment leaves the stock -8.08% off its SMA200. CIG registered -1.84% loss for a year compared to 6-month gain of -9.62%. The firm has a 50-day simple moving average (SMA 50) of $1.855 and a 200-day simple moving average (SMA200) of $1.91925.
The stock witnessed a -10.28% loss in the last 1 month and extending the period to 3 months gives it a 0.67%, and is 4.94% 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 3.57% over the week and 3.16% over the month.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has around 5028 employees, a market worth around $3.24B and $7.38B in sales. Current P/E ratio is 3.69 and Fwd P/E is 7.45. Profit margin for the company is 17.86%. Distance from 52-week low is 6.92% and -18.02% from its 52-week high. The company has generated returns on investments over the last 12 months (21.94%).
with sales reaching $8.47B over the same period.The EPS is expected to shrink by -45.90% this year, but quarterly earnings will post -12.26% year-over-year. Quarterly sales are estimated to shrink -6.52% in year-over-year returns.
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Top Institutional Holders
219.0 institutions hold shares in Cia Energetica DE Minas Gerais – Cemig ADR (CIG), with institutional investors hold 8.12% of the company’s shares. The shares outstanding are 1.90B, and float is at 1.90B with Short Float at 0.08%. Institutions hold 8.12% 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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