Cia Energetica DE Minas Gerais – Cemig ADR [CIG] moved down -0.47: Why It’s Important

Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] closed the trading session at $2.12 on 11/27/23. The day’s price range saw the stock hit a low of $2.11, while the highest price level was $2.19. The company report on May 16, 2023 at 6:14 PM that CEMIG FILES 20-F FORM.

A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG (“CEMIG”), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão (“B3”) and the market in general that it has filed on May 16, 2023, Form 20-F for the 2022 fiscal year (“2022 Form 20-F”) with the U.S. Securities and Exchange Commission (“SEC”).

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2022 Form 20-F can be accessed on SEC’s website, at www.sec.gov, or the Company’s Investor Relations website, at http://ri.cemig.com.br.

The stocks have a year to date performance of 7.86 percent and weekly performance of -21.77 percent. The stock has been moved at -9.11 percent over the last six months. The stock has performed -11.30 percent around the most recent 30 days and changed -14.52 percent over the most recent 3-months.

If compared to the average trading volume of 2.83M shares, CIG reached to a volume of 9132951 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cia Energetica DE Minas Gerais – Cemig ADR [CIG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIG shares is $2.14 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 1.86. 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.

BofA Securities have made an estimate for Cia Energetica DE Minas Gerais – Cemig ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 24, 2023.

The Average True Range (ATR) for Cia Energetica DE Minas Gerais – Cemig ADR is set at 0.10, with the Price to Sales ratio for CIG stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for CIG in the course of the last twelve months was 3.11 with Quick ratio for the last quarter at 1.30.

CIG stock trade performance evaluation

Cia Energetica DE Minas Gerais – Cemig ADR [CIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.77. With this latest performance, CIG shares dropped by -11.30% in over the last four-week period, additionally sinking by -9.11% over the last 6 months – not to mention a rise of 12.29% 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 29.64, with the RSI for the last a single of trading hit 21.87, and the three-weeks RSI is set at 34.54 for Cia Energetica DE Minas Gerais – Cemig ADR [CIG]. The present Moving Average for the last 50 days of trading for this stock 2.44, while it was recorded at 2.35 for the last single week of trading, and 2.38 for the last 200 days.

Cia Energetica DE Minas Gerais – Cemig ADR [CIG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cia Energetica DE Minas Gerais – Cemig ADR [CIG] shares currently have an operating margin of +17.16 and a Gross Margin at +19.55. Cia Energetica DE Minas Gerais – Cemig ADR’s Net Margin is presently recorded at +11.87.

Return on Total Capital for CIG is now 19.09, given the latest momentum, and Return on Invested Capital for the company is 13.78. Return on Equity for this stock inclined to 20.79, with Return on Assets sitting at 7.74. When it comes to the capital structure of this company, Cia Energetica DE Minas Gerais – Cemig ADR [CIG] has a Total Debt to Total Equity ratio set at 54.89. Additionally, CIG Total Debt to Total Capital is recorded at 35.44, with Total Debt to Total Assets ending up at 20.37. Long-Term Debt to Equity for the company is recorded at 49.80, with the Long-Term Debt to Total Capital now at 32.15.

Reflecting on the efficiency of the workforce at the company, Cia Energetica DE Minas Gerais – Cemig ADR [CIG] managed to generate an average of $823,569 per employee. Receivables Turnover for the company is 3.99 with a Total Asset Turnover recorded at a value of 0.65.Cia Energetica DE Minas Gerais – Cemig ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock

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 Cia Energetica DE Minas Gerais – Cemig ADR go to 0.00%.

Cia Energetica DE Minas Gerais – Cemig ADR [CIG]: Institutional Ownership

The top three institutional holders of CIG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in CIG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in CIG stock with ownership which is approximately 5.7994%.