logo

Cia Energetica DE Minas Gerais – Cemig ADR: -1.68% Growth from 52-Week Low, Yet Analysts Divided

Cia Energetica DE Minas Gerais – Cemig ADR experienced a rather steady stock market performance. The highest value in the past year was recorded at $2.68 on 11/17/23 and the lowest value was $1.97 on 11/27/23.

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. Cia Energetica DE Minas Gerais – Cemig ADR’s current trading price is -1.68% away from its 52-week high, while its distance from the 52-week low is 33.66%. The stock’s price range during this period has spanned from $1.97 to $2.68. In the Utilities sector, the Cia Energetica DE Minas Gerais – Cemig ADR’s shares surpassed a trading volume of approximately 0.81 million for the day, which was noticeably lower compared to the average daily volume of 9.2.52 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has experienced a quarterly rise of 18.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.02B and boasts a workforce of 4918 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 2.39, with a change in price of +0.32. Similarly, Cia Energetica DE Minas Gerais – Cemig ADR recorded 2,340,168 in trading volume during the last 100 days, posting a change of +13.58%.

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 0.45. Similarly, the long-term debt-to-equity ratio is also 0.33.

CIG Stock Stochastic Average

Today, Cia Energetica DE Minas Gerais – Cemig ADR’s raw stochastic average for the past 50 days stands at 90.62%, indicating a rise from the raw stochastic average of the last 20 days, which was 83.93%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 71.00% and 58.01% respectively.

CIG Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. Year to date metric has recorded a gain of 15.19%.However, over the last six months, we can see a weaker performance of 5.63%. Over the last 30 days, the price of CIG has fallen by 8.88%. And in the last five days, it has surged by 2.93%.

Most Popular