Cia Energetica DE Minas Gerais – Cemig ADR’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $2.15 on 08/23/24, and the lowest price during that time was $1.44, recorded on 11/27/23.
52-week price history of CIG Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Cia Energetica DE Minas Gerais – Cemig ADR’s current trading price is -2.79% away from its 52-week high, while its distance from the 52-week low is 45.37%. The stock’s price range during this period has fluctuated between $1.44 and $2.15. Shares of the company, which operates in the Utilities sector, recorded a trading volume of around 13.41 million for the day, which was evidently higher than the average daily volume of 1.68 million over the last three months.
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Financial Performance and Market Capitalization
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has experienced a quarterly rise of 25.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.98B and boasts a workforce of 4918 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.96, with a change in price of +0.07. Similarly, Cia Energetica DE Minas Gerais – Cemig ADR recorded 1,822,088 in trading volume during the last 100 days, posting a change of +3.31%.
CIG Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its 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 0.28.
CIG Stock Stochastic Average
The raw stochastic average for Cia Energetica DE Minas Gerais – Cemig ADR over the last 50 days is presently at 76.19%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 57.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 50.13% and 43.35%, respectively.
CIG Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 25.69%. However, over the past six months, we’ve seen a weaker performance of 16.40%. The price of CIG fallen by 1.46% over the last 30 days. And in the last five days, it has surged by 2.96%.
