Millicom International Cellular S.A (NASDAQ: TIGO) is 62.16% higher on its value in year-to-date trading and has touched a low of $23.61 and a high of $40.00 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 $39.95 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $40.8, the stock is 7.58% and 10.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 2.13% at the moment leaves the stock 36.14% off its SMA200. TIGO registered 63.13% gain for a year compared to 6-month gain of 51.06%. The firm has a 50-day simple moving average (SMA 50) of $36.875 and a 200-day simple moving average (SMA200) of $29.90145.
The stock witnessed a 10.30% loss in the last 1 month and extending the period to 3 months gives it a 25.73%, and is 4.59% 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 2.87% over the week and 2.69% over the month.
Millicom International Cellular S.A (TIGO) has around 14185 employees, a market worth around $7.02B and $5.69B in sales. Current P/E ratio is 19.79 and Fwd P/E is 11.31. Profit margin for the company is 6.20%. Distance from 52-week low is 72.81% and 2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).
The EPS is expected to grow by 21.30% this year.
Millicom International Cellular S.A (TIGO) Top Institutional Holders
235.0 institutions hold shares in Millicom International Cellular S.A (TIGO), with institutional investors hold 60.00% of the company’s shares. The shares outstanding are 166.88M, and float is at 97.43M with Short Float at 1.74%. Institutions hold 35.73% 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 0.2335 of the shares totaling 0.4 million with a market value of $9.82 million.
Millicom International Cellular S.A (TIGO) Insider Activity
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