Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)’s stock price has plunge by -1.49relation to previous closing price of 2.02. Nevertheless, the company has seen a -3.86% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-27 that Here is how Cemig (CIG) and Pinnacle West (PNW) have performed compared to their sector so far this year.
Is It Worth Investing in Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Right Now?
The price-to-earnings ratio for Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is above average at 4.78x, Company’s 36-month beta value is 1.27.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CIG is 1.90B, and currently, short sellers hold a 0.26% ratio of that floaft. The average trading volume of CIG on October 08, 2024 was 1.79M shares.
CIG’s Market Performance
CIG stock saw a decrease of -3.86% in the past week, with a monthly decline of -6.13% and a quarterly a decrease of 9.68%. The volatility ratio for the week is 2.21%, and the volatility levels for the last 30 days are 2.16% for Cia Energetica DE Minas Gerais – Cemig ADR (CIG). The simple moving average for the past 20 days is -3.77% for CIG’s stock, with a 9.83% simple moving average for the past 200 days.
Analysts’ Opinion of CIG
HSBC Securities, on the other hand, stated in their research note that they expect to see CIG reach a price target of $2.90. The rating they have provided for CIG stocks is “Buy” according to the report published on November 01st, 2023.
CIG Trading at -1.12% 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 -7.44% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.63% upper at present.
During the last 5 trading sessions, CIG fell by -3.38%, which changed the moving average for the period of 200-days by +12.55% in comparison to the 20-day moving average, which settled at $2.07. In addition, Cia Energetica DE Minas Gerais – Cemig ADR saw 19.68% 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:
- 0.19 for the present operating margin
- 0.23 for the gross margin
The net margin for Cia Energetica DE Minas Gerais – Cemig ADR stands at 0.16. The total capital return value is set at 0.17. Equity return is now at value 25.57, with 11.06 for asset returns.
Based on Cia Energetica DE Minas Gerais – Cemig ADR (CIG), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 6.35.
Currently, EBITDA for the company is 7.93 billion with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 5.1for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In a nutshell, Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
