Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)’s stock price has plunge by -1.10relation to previous closing price of 1.81. Nevertheless, the company has seen a 1.13% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-18 that Companhia Energetica de Minas Gerais – CEMIG (NYSE:CIG ) Q3 2024 Earnings Conference Call November 18, 2024 8:30 AM ET Company Participants Carolina Senna – Investor Relations Superintendent Reynaldo Passanezi Filho – Chief Executive Officer Leonardo George de Magalhaes – Chief Finance and Investor Relations Officer Dimas Costa – Chief Commercial Officer Conference Call Participants Marcelo Sa – Banco Itau Daniel Travitzky – Banco Safra Carolina Senna Good morning, everyone. I am Carolina Senna, Cemig’s Investor Relations Superintendent.
Is It Worth Investing in Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Right Now?
Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) has a higher price-to-earnings ratio of 3.35x compared to its average ratio, The 36-month beta value for CIG is at 1.28. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CIG is 1.90B, and currently, shorts hold a 0.08% of that float. The average trading volume for CIG on December 27, 2024 was 2.35M shares.
CIG’s Market Performance
The stock of Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has seen a 1.13% increase in the past week, with a -10.95% drop in the past month, and a -14.76% fall in the past quarter. The volatility ratio for the week is 2.55%, and the volatility levels for the past 30 days are at 2.86% for CIG. The simple moving average for the last 20 days is -5.04% for CIG stock, with a simple moving average of -5.22% for the last 200 days.
Analysts’ Opinion of CIG
HSBC Securities gave a rating of “Buy” to CIG, setting the target price at $2.90 in the report published on November 01st of the previous year.
CIG Trading at -7.58% 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 -16.74% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 2.55%, as shares sank -13.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.73% lower at present.
During the last 5 trading sessions, CIG rose by +1.13%, which changed the moving average for the period of 200-days by -1.81% in comparison to the 20-day moving average, which settled at $1.8850. In addition, Cia Energetica DE Minas Gerais – Cemig ADR saw 7.65% 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:
- 0.0 for the present operating margin
- 0.23 for the gross margin
The net margin for Cia Energetica DE Minas Gerais – Cemig ADR stands at 0.32. The total capital return value is set at 0.11. Equity return is now at value 31.64, with 13.41 for asset returns.
Based on Cia Energetica DE Minas Gerais – Cemig ADR (CIG), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 4.45.
Currently, EBITDA for the company is 8.88 billion with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.0. The receivables turnover for the company is 1451.0for trailing twelve months and the total asset turnover is 161.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In conclusion, Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
