Companhia Energetica de Minas Gerais (NYSE:CIG) went up by 5.45% from its latest closing price compared to the recent 1-year high of $2.62. The company’s stock price has collected -4.13% of loss in the last five trading sessions.
Is It Worth Investing in Companhia Energetica de Minas Gerais (NYSE :CIG) Right Now?
Companhia Energetica de Minas Gerais (NYSE:CIG) scored a price-to-earnings ratio above its average ratio, recording 8.89 x from its present earnings ratio. Plus, the 36-month beta value for CIG is at 0.61. Opinions of the stock are interesting as 2 analysts out of 9 who provided ratings for Companhia Energetica de Minas Gerais declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $2.14, which is $0.7 above the current price. CIG currently public float of 1.76B and currently shorts hold a 0.78% ratio of that float. Today, the average trading volume of CIG was 4.34M shares.
CIG’s Market Performance
CIG stocks went down by -4.13% for the week, with a monthly drop of -7.94% and a quarterly performance of 10.48%, while its annual performance rate touched 20.98%. The volatility ratio for the week stands at 3.83% while the volatility levels for the past 30 days are set at 2.98% for Companhia Energetica de Minas Gerais. The simple moving average for the period of the last 20 days is -3.29% for CIG stocks with a simple moving average of 9.25% for the last 200 days.
CIG Trading at 2.15% from the 50-Day Moving Average
After a stumble in the market that brought CIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.45% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares sank -7.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.58% upper at present.
During the last 5 trading sessions, CIG fell by -4.13%, which changed the moving average for the period of 200-days by +35.25% in comparison to the 20-day moving average, which settled at $2.39. In addition, Companhia Energetica de Minas Gerais saw 24.12% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CIG
Current profitability levels for the company are sitting at:
- +17.42 for the present operating margin
- +19.68 for the gross margin
The net margin for Companhia Energetica de Minas Gerais stands at +11.15. Equity return is now at value 14.30, with 5.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.