The stock price for Companhia Energetica de Minas Gerais (CIG) currently stands at $2.37. The stock experienced a substantial increase in the last session, hitting $2.395 after starting at $2.39. The stock’s lowest price was $2.35 before closing at $2.39.
Companhia Energetica de Minas Gerais experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $2.55 on 08/24/22, while the lowest price for the same period was registered at $1.72 on 11/17/22.
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52-week price history of CIG Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Companhia Energetica de Minas Gerais’s current trading price is -6.88% away from its 52-week high, while its distance from the 52-week low is 37.58%. The stock’s price range during this period has spanned from $1.72 to $2.55. In the Utilities sector, the Companhia Energetica de Minas Gerais’s shares surpassed a trading volume of approximately 4.03 million for the day, which was noticeably higher compared to the average daily volume of 9.3.79 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Companhia Energetica de Minas Gerais (CIG) has experienced a quarterly rise of 19.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.25B and boasts a workforce of 4969 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.19, with a change in price of +0.26. Similarly, Companhia Energetica de Minas Gerais recorded 4,305,903 in trading volume during the last 100 days, posting a change of +12.32%.
Examining CIG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CIG stands at 0.47. Similarly, the long-term debt-to-equity ratio is also 0.42.
CIG Stock Stochastic Average
Today, Companhia Energetica de Minas Gerais’s raw stochastic average for the past 50 days stands at 72.00%, indicating a rise from the raw stochastic average of the last 20 days, which was 29.15%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 35.90% and 36.80% respectively.
CIG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 18.68%. However, over the past six months, we’ve seen a weaker performance of 30.41%. The price of CIG leaped by -2.47% over the last 30 days. And in the last five days, it has fallen by -1.66%.