Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] stock went on a downward path that fall over -1.09% on Thursday, amounting to a one-week price decrease of less than -4.71%.
Over the last 12 months, CIG stock rose by 3.99%. The one-year Cia Energetica DE Minas Gerais – Cemig ADR stock forecast points to a potential upside of 24.17. The average equity rating for CIG stock is currently 2.56, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.47 billion, with 1.90 billion shares outstanding and 1.90 billion shares in the current float. Compared to the average trading volume of 3.89M shares, CIG stock reached a trading volume of 2648676 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 Underperform, with their previous recommendation back on April 01, 2025. The new note on the price target was released on January 10, 2025, 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 0.48. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for CIG in the course of the last twelve months was 4.27 with Quick ratio for the last quarter at 1.06.
CIG Stock Performance Analysis:
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 -4.71. With this latest performance, CIG shares dropped by -2.15% in over the last four-week period, additionally sinking by -1.21% over the last 6 months – not to mention a rise of 3.99% 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 46.82, with the RSI for the last a single of trading hit 43.30, and the three-weeks RSI is set at 48.16 for Cia Energetica DE Minas Gerais – Cemig ADR [CIG]. The present Moving Average for the last 50 days of trading for this stock 1.8050, while it was recorded at 1.8460 for the last single week of trading, and 1.9080 for the last 200 days.
Insight into Cia Energetica DE Minas Gerais – Cemig ADR Fundamentals:
Cia Energetica DE Minas Gerais – Cemig ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.06.
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 Cia Energetica DE Minas Gerais – Cemig ADR go to -22.87%.
Cia Energetica DE Minas Gerais – Cemig ADR [CIG] Institutonal Ownership Details
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%.
