Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cia Energetica DE Minas Gerais – Cemig ADR’s current trading price is -1.45% away from its 52-week high, while its distance from the 52-week low is 60.10%. The stock’s price range during this period has varied between $1.69 and $2.75. The company, active in the Utilities sector, saw a trading volume of around 0.7 million for the day, considerably lower average daily volume of 3.48 million observed over the last three months.
The current stock price for Cia Energetica DE Minas Gerais – Cemig ADR (CIG) is $2.71. The stock experienced a significant increase during the last trading session, reaching $2.75 after opening at $2.74. It dipped to a low of $2.69 before ultimately closing at $2.72.
Cia Energetica DE Minas Gerais – Cemig ADR’s stock has had a calm market performance. The 1-year high for the company’s stock was $2.75 on 11/16/23, and the lowest price during the same period was recorded at $1.69 on 01/04/23.
How Financial Performance Impacts Market Capitalization
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has experienced a quarterly rise of 12.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.97B and boasts a workforce of 4969 employees.
Decoding Analysts’ Ratings for Cia Energetica DE Minas Gerais – Cemig ADR
As of right now, 2 analysts are rating Cia Energetica DE Minas Gerais – Cemig ADR as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.48, with a change in price of +0.17. Similarly, Cia Energetica DE Minas Gerais – Cemig ADR recorded 3,265,714 in trading volume during the last 100 days, posting a change of +6.67%.
How CIG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CIG stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.50.
CIG Stock Stochastic Average
As of today, the raw stochastic average of Cia Energetica DE Minas Gerais – Cemig ADR over the last 50 days is at 94.14%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 93.77%. Further, the company’s Stochastic %K and %D values for the last 20 days were 92.85% and 93.41%, respectively.
CIG Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The metric has seen a significant gain of 37.88% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 14.73%. Over the past 30 days, the price of CIG has fallen by 18.86%. And in the last five days, it has surged by 5.04%.