Cia Energetica DE Minas Gerais – Cemig ADR experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $2.15 on 08/23/24, while the lowest price for the same period was registered at $1.44 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 -9.77% away from its 52-week high, while its distance from the 52-week low is 34.94%. The stock’s price range during this period has spanned from $1.44 to $2.15. In the Utilities sector, the Cia Energetica DE Minas Gerais – Cemig ADR’s shares surpassed a trading volume of approximately 13.54 million for the day, which was noticeably higher compared to the average daily volume of 9.1.73 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has experienced a quarterly rise of 5.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.69B 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 1.9679, with a change in price of +0.0400. Similarly, Cia Energetica DE Minas Gerais – Cemig ADR recorded 1,800,619 in trading volume during the last 100 days, posting a change of +2.11%.
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 0.28.
CIG Stock Stochastic Average
Today, Cia Energetica DE Minas Gerais – Cemig ADR’s raw stochastic average for the past 50 days stands at 16.67%, indicating a decline from the raw stochastic average of the last 20 days, which was 21.74%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 20.29% and 15.99% 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 16.67%. However, over the past six months, we’ve seen a weaker performance of 8.49%. The price of CIG leaped by -7.18% over the last 30 days. And in the last five days, it has fallen by 0.00%.
