Do Companhia Energetica de Minas Gerais (CIG) beta value of 0.53 signposts another twist? – Invest Chronicle

Do Companhia Energetica de Minas Gerais (CIG) beta value of 0.53 signposts another twist?

Companhia Energetica de Minas Gerais (CIG) is priced at $2.49 after the most recent trading session. At the very opening of the session, the stock price was $2.0754 and reached a high price of $2.0754, prior to closing the session it reached the value of $2.32. The stock touched a low price of $1.9869.

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Recently in News on November 16, 2020, Cia Energetica De Minas Gerais – ADR – Level II to Host Earnings Call. Cia Energetica De Minas Gerais – ADR – Level II (NYSE:CIG) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 16, 2020 at 11:30 AM Eastern Time. You can read further details here


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Companhia Energetica de Minas Gerais had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.98 on 01/08/21, with the lowest value was $1.95 for the same time period, recorded on 03/09/21.

Companhia Energetica de Minas Gerais (CIG) full year performance was 72.64%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Companhia Energetica de Minas Gerais shares are logging -16.44% during the 52-week period from high price, and 108.06% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.20 and $2.98.

The company’s shares, operating in the sector of Utilities managed to top a trading volume set approximately around 9575583 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Companhia Energetica de Minas Gerais (CIG) recorded performance in the market was -1.72%, having the revenues showcasing 9.73% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.19B, as it employees total of 5254 workers.

Market experts do have their say about Companhia Energetica de Minas Gerais (CIG)

During the last month, 6 analysts gave the Companhia Energetica de Minas Gerais a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.45, with a change in the price was noted -0.07. In a similar fashion, Companhia Energetica de Minas Gerais posted a movement of -2.73% for the period of last 100 days, recording 9,572,903 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CIG is recording 0.87 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.75.

Technical breakdown of Companhia Energetica de Minas Gerais (CIG)

Raw Stochastic average of Companhia Energetica de Minas Gerais in the period of last 50 days is set at 83.08%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.84%. In the last 20 days, the company’s Stochastic %K was 90.88% and its Stochastic %D was recorded 89.49%.

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Bearing in mind the latest performance of Companhia Energetica de Minas Gerais, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -1.72%. Additionally, trading for the stock in the period of the last six months notably improved by 52.17%, alongside a boost of 72.64% for the period of the last 12 months. The shares increased approximately by 14.25% in the 7-day charts and went down by 22.30% in the period of the last 30 days. Common stock shares were driven by 9.73% during last recorded quarter.

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