Cia Energetica DE Minas Gerais – Cemig ADR saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $2.15 on 08/23/24, while the lowest price for the same duration was marked at $1.44 on 11/27/23.
52-week price history of CIG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Cia Energetica DE Minas Gerais – Cemig ADR’s current trading price is -4.19% away from its 52-week high, while its distance from the 52-week low is 43.28%. The stock’s price range during the 52-week period has remained between $1.44 and $2.15. In the Utilities sector, the company’s shares saw a trading volume of around 1.11 million for the day, which was evidently lower than the average daily volume of 1.83 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 3.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.92B 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 1.9803, with a change in price of +0.1450. Similarly, Cia Energetica DE Minas Gerais – Cemig ADR recorded 1,736,737 in trading volume during the last 100 days, posting a change of +7.59%.
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
Cia Energetica DE Minas Gerais – Cemig ADR’s raw stochastic average for the past 50 days is presently 63.46%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 91.67%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 56.75% and 47.49%, 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. Year to date metric has recorded a gain of 23.89%.However, over the last six months, we can see a weaker performance of 10.27%. Over the last 30 days, the price of CIG has fallen by 5.64%. And in the last five days, it has surged by 4.04%.
