logo

A Tale of Resilience: Cia Energetica DE Minas Gerais – Cemig ADR Amid Stock Market Turbulence

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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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%.

Most Popular