The stock of Companhia Energetica de Minas Gerais (NYSE: CIG) has decreased by -0.84 when compared to last closing price of 2.39. Despite this, the company has experienced a -1.66% fall in its stock price over 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) has a higher price-to-earnings ratio of 6.32x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.79. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Companhia Energetica de Minas Gerais (CIG) is $2.14, which is $0.07 above the current market price. The public float for CIG is 1.46B, and currently, short sellers hold a 0.12% ratio of that float. The average trading volume of CIG on May 24, 2023 was 3.79M shares.
CIG’s Market Performance
CIG stock saw a decrease of -1.66% in the past week, with a monthly decline of -2.47% and a quarterly a decrease of 19.86%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 2.52% for Companhia Energetica de Minas Gerais (CIG). The simple moving average for the last 20 days is -1.64% for CIG stock, with a simple moving average of 12.10% for the last 200 days.
CIG Trading at 3.78% 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 -6.88% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.54% upper at present.
During the last 5 trading sessions, CIG fell by -1.66%, which changed the moving average for the period of 200-days by +2.60% in comparison to the 20-day moving average, which settled at $2.41. In addition, Companhia Energetica de Minas Gerais saw 18.68% 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:
- +17.16 for the present operating margin
- +19.55 for the gross margin
The net margin for Companhia Energetica de Minas Gerais stands at +11.87. Equity return is now at value 18.80, with 7.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
To put it simply, Companhia Energetica de Minas Gerais (CIG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.