Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] slipped around -0.01 points on Friday, while shares priced at $2.09 at the close of the session, down -0.48%.
Compared to the average trading volume of 1.68M shares, CIG reached a trading volume of 13405180 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $2.40 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 2.56. 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 new note on the price target was released on November 01, 2023, representing the official price target for Cia Energetica DE Minas Gerais – Cemig ADR stock.
The Average True Range (ATR) for Cia Energetica DE Minas Gerais – Cemig ADR is set at 0.05, with the Price to Sales ratio for CIG stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for CIG in the course of the last twelve months was 3.42 with Quick ratio for the last quarter at 0.96.
How has CIG stock performed recently?
Cia Energetica DE Minas Gerais – Cemig ADR [CIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, CIG shares gained by 1.46% in over the last four-week period, additionally plugging by 16.40% over the last 6 months – not to mention a rise of 28.12% 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 55.33, with the RSI for the last a single of trading hit 52.92, and the three-weeks RSI is set at 53.60 for Cia Energetica DE Minas Gerais – Cemig ADR [CIG]. The present Moving Average for the last 50 days of trading for this stock 2.02, while it was recorded at 2.07 for the last single week of trading, and 1.89 for the last 200 days.
Cia Energetica DE Minas Gerais – Cemig ADR [CIG]: Deeper insight into the fundamentals
Cia Energetica DE Minas Gerais – Cemig ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 0.96.
Earnings analysis for Cia Energetica DE Minas Gerais – Cemig ADR [CIG]
With the latest financial reports released by the company, Cia Energetica DE Minas Gerais – Cemig ADR posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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%.
Insider trade positions for Cia Energetica DE Minas Gerais – Cemig ADR [CIG]
The top three institutional holders of CIG stocks are: BLACKROCK INC. with ownership of 20.13 million shares, which is approximately 0.7037%. POLUNIN CAPITAL PARTNERS LTD, holding 17.04 million shares of the stock with an approximate value of $$29.99 million in CIG stocks shares; and POLUNIN CAPITAL PARTNERS LTD, currently with $$23.81 million in CIG stock with ownership which is approximately 0.4729%.
