TIGO has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TIGO is 121.29M, and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of TIGO on May 09, 2024 was 85.31K shares.
TIGO) stock’s latest price update
Millicom International Cellular S.A. (NASDAQ: TIGO)’s stock price has soared by 7.26 in relation to previous closing price of 21.35. Nevertheless, the company has seen a gain of 11.22% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-08 that Millicom International Cellular S.A. (NASDAQ:TIGO ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Michel Morin – VP, IR Mauricio Ramos – CEO Maxime Lombardini – President and COO Bart Vanhaeren – CFO Conference Call Participants Soomit Datta – New Street Research Stefan Gauffin – DNB Marcelo Santos – JPMorgan Oscar Ronnkvist – ABG Eduardo Rubi – UBS Michel Morin Hello, everyone and welcome to our First Quarter 2024 Results Call.
TIGO’s Market Performance
Millicom International Cellular S.A. (TIGO) has experienced a 11.22% rise in stock performance for the past week, with a 10.90% rise in the past month, and a 40.15% rise in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.53% for TIGO. The simple moving average for the last 20 days is 12.30% for TIGO’s stock, with a simple moving average of 33.22% for the last 200 days.
Analysts’ Opinion of TIGO
New Street, on the other hand, stated in their research note that they expect to see TIGO reach a price target of $24, previously predicting the price at $20. The rating they have provided for TIGO stocks is “Buy” according to the report published on February 29th, 2024.
TIGO Trading at 16.65% from the 50-Day Moving Average
After a stumble in the market that brought TIGO to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 6.38% of gains for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +12.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.76% upper at present.
During the last 5 trading sessions, TIGO rose by +11.22%, which changed the moving average for the period of 200-days by +35.50% in comparison to the 20-day moving average, which settled at $20.52. In addition, Millicom International Cellular S.A. saw 27.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TIGO
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.67 for the gross margin
The net margin for Millicom International Cellular S.A. stands at -0.02. The total capital return value is set at 0.07. Equity return is now at value -2.44, with -0.61 for asset returns.
Based on Millicom International Cellular S.A. (TIGO), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 1.29.
Currently, EBITDA for the company is 2.11 billion with net debt to EBITDA at 3.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 8.64for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
To put it simply, Millicom International Cellular S.A. (TIGO) has had a better 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.
