The Companhia Energetica de Minas Gerais (NYSE:CIG) is going down by -0.47% in today’s trading session, a fall equivalent to -0.02% of the stock’s price from yesterday’s market close. The lowest point that the shares touched during the trading session was $3.18, while the peak of the day was recorded at a share price of $3.23. CIG finished the previous session at $3.19 according to the data provided by Barchart, while the trading volume was observed to be $2432763.
In the 100 days of trading, CIG managed to top a 3.54% Moving average. Additionally, Companhia Energetica de Minas Gerais shares have achieved a 52-week range between 2.83 and 4.11 alongside 100 days raw stochastic set at 5.56%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.55B, equal to the value of $4.93B in market capitalization. In the last 30 days, Companhia Energetica de Minas Gerais shares went down by -6.34%, adding 3.39 to growth in value, on top of a +1.76% boost since 10/08/19.
Companhia Energetica de Minas Gerais (NYSE:CIG) Analyst’s Estimates
According to the average analyst rating, Companhia Energetica de Minas Gerais would be rated as Overweight. Out of 8 different analysts monitoring CIG stock, 5 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 0 indicate that CIG is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On April 10, 2019, the stock earned a Upgrade rating due to a new analyst call from JP Morgan, while analysts from Citigroup believe that the stock is set at Sell from Neutral, as concluded on January 16, 2019. Goldman, is still rather wary about the stock, deciding to keep the rating at Sell as confirmed through a call on January 03, 2019.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on April 04, 2018, giving the stock a Neutral from the Overweight rating.
CIG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +20.28% has been attained, while the operating margin has been recorded at +15.65%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 2.70%. Beta value of the stock is recorded at 0.17. Additionally, Companhia Energetica de Minas Gerais is recording price volatility of 2.25% for the period of the last seven days and 2.20% in the last 30 days.
Companhia Energetica de Minas Gerais (NYSE:CIG) Technical Outlook
For the period of the last 50 days, Companhia Energetica de Minas Gerais had its Raw Stochastic average set at 10.00% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 20.37%. Stochastic %K for Companhia Energetica de Minas Gerais, with the last 20 days included, was set at 14.04%, having Stochastic %D topping 24.13%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Companhia Energetica de Minas Gerais stocks with recording -10.39% in metrics.
Companhia Energetica de Minas Gerais Insider Watch:
Similarly, 10.24% of the company’s float is held by institutions – and there are 173 institutions in total holding shares of this company. The top three institutional holders of CIG stocks are: Blackrock Inc. with ownership of $50.0 million, which is approximately 13331555 of the company’s shares; JP Morgan Chase & Company, holding 6609958 shares of the stock with an approximate value of $25.0 million; and Vanguard Group, Inc. (The), currently with more than 6041601 shares of the company valued at $23.0 million. Positions in Companhia Energetica de Minas Gerais stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.