Companhia Energetica de Minas Gerais [CIG] Revenue clocked in at $4.23 billion, down -32.53% YTD: What’s Next?

Companhia Energetica de Minas Gerais [NYSE: CIG] price surged by 4.37 percent to reach at $0.09.

A sum of 5301543 shares traded at recent session while its average daily volume was at 3.52M shares. Companhia Energetica de Minas Gerais shares reached a high of $2.15 and dropped to a low of $2.04 until finishing in the latest session at $2.15.

The one-year CIG stock forecast points to a potential upside of 11.89. The average equity rating for CIG stock is currently 1.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Companhia Energetica de Minas Gerais [CIG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIG shares is $2.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIG stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Companhia Energetica de Minas Gerais shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 14, 2019. The new note on the price target was released on April 10, 2019, representing the official price target for Companhia Energetica de Minas Gerais stock.

The Average True Range (ATR) for Companhia Energetica de Minas Gerais is set at 0.08, with the Price to Sales ratio for CIG stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for CIG in the course of the last twelve months was 4.37.

CIG Stock Performance Analysis:

Companhia Energetica de Minas Gerais [CIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.49. With this latest performance, CIG shares gained by 9.69% in over the last four-week period, additionally plugging by 55.56% over the last 6 months – not to mention a drop of -27.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIG stock in for the last two-week period is set at 64.84, with the RSI for the last a single of trading hit 73.90, and the three-weeks RSI is set at 60.38 for Companhia Energetica de Minas Gerais [CIG]. The present Moving Average for the last 50 days of trading for this stock 1.99, while it was recorded at 1.97 for the last single week of trading, and 2.11 for the last 200 days.

Insight into Companhia Energetica de Minas Gerais Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Companhia Energetica de Minas Gerais [CIG] shares currently have an operating margin of +15.61 and a Gross Margin at +22.25. Companhia Energetica de Minas Gerais’s Net Margin is presently recorded at +11.43.

Return on Total Capital for CIG is now 13.25, given the latest momentum, and Return on Invested Capital for the company is 10.87. Return on Equity for this stock inclined to 20.30, with Return on Assets sitting at 5.29. When it comes to the capital structure of this company, Companhia Energetica de Minas Gerais [CIG] has a Total Debt to Total Equity ratio set at 94.82. Additionally, CIG Total Debt to Total Capital is recorded at 48.67, with Total Debt to Total Assets ending up at 30.17. Long-Term Debt to Equity for the company is recorded at 77.00, with the Long-Term Debt to Total Capital now at 39.52.

Reflecting on the efficiency of the workforce at the company, Companhia Energetica de Minas Gerais [CIG] managed to generate an average of $518,823 per employee. Receivables Turnover for the company is 4.72 with a Total Asset Turnover recorded at a value of 0.46.Companhia Energetica de Minas Gerais’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.60.

CIG Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Companhia Energetica de Minas Gerais go to 0.00%.

Companhia Energetica de Minas Gerais [CIG] Insider Position Details

There are presently around $248 million, or 13.30% of CIG stock, in the hands of institutional investors. The top three institutional holders of CIG stocks are: BLACKROCK INC. with ownership of 61,151,267, which is approximately 47.016% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 6,401,946 shares of the stock with an approximate value of $13.76 million in CIG stocks shares; and AQR CAPITAL MANAGEMENT LLC, currently with $9.95 million in CIG stock with ownership of nearly 44.786% of the company’s market capitalization.

Positions in Companhia Energetica de Minas Gerais stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 59 institutional holders increased their position in Companhia Energetica de Minas Gerais [NYSE:CIG] by around 28,006,018 shares. Additionally, 59 investors decreased positions by around 19,245,845 shares, while 10 investors held positions by with 68,133,951 shares. The mentioned changes placed institutional holdings at 115,385,814 shares, according to the latest SEC report filing. CIG stock had 18 new institutional investments in for a total of 2,515,305 shares, while 18 institutional investors sold positions of 3,035,361 shares during the same period.

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