Considering Companhia Energetica de Minas Gerais (CIG) as a potential investment: What Should You Do?

The price of Companhia Energetica de Minas Gerais (NYSE: CIG) closed at $2.08 in the last session, up 8.33% from day before closing price of $1.92. In other words, the price has increased by $+0.1600 from its previous closing price. On the day, 10975166 shares were traded. CIG stock price reached its highest trading level at $2.1050 during the session, while it also had its lowest trading level at $2.0400.

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Ratios:

We take a closer look at CIG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.51.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Companhia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.80, and their Forward P/E ratio for the next fiscal year is 34.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 0.22.

Stock Price History:

Over the past 52 weeks, CIG has reached a high of $2.57, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 2.1436, while the 200-Day Moving Average is calculated to be 2.4259.

Shares Statistics:

According to the various share statistics, CIG traded on average about 8.42M shares per day over the past 3-months and 8.82M shares per day over the past 10 days. A total of 1.46B shares are outstanding, with a floating share count of 1.46B. Insiders hold about 1.00% of the company’s shares, while institutions hold 21.90% stake in the company. Shares short for CIG as of Oct 13, 2022 were 11.17M with a Short Ratio of 4.26M, compared to 14.39M on Sep 14, 2022.

Dividends & Splits

The forward annual dividend rate for CIG is 0.28, which was 0.98 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 51.04%, it implies a Forward Annual Dividend Yield of 10.35%. The stock’s 5-year Average Dividend Yield is 6.24. The current Payout Ratio is 268.10% for CIG, which recently paid a dividend on Dec 12, 2017 with an ex-dividend date of Sep 29, 2022. Stock splits for the company last occurred on May 02, 2021 when the company split stock in a 1:1 ratio.

Earnings Estimates

The company has 0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.19, with 1 analysts recommending between $0.19 and $0.19.

Revenue Estimates

A total of 2 analysts have provided revenue estimates for CIG’s current fiscal year. The highest revenue estimate was $4.6B, while the lowest revenue estimate was $1.09B, resulting in an average revenue estimate of $6.23B. In the same quarter a year ago, actual revenue was $4.89B, up 27.40% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $4.41B in the next fiscal year. The high estimate is $4.41B and the low estimate is $4.41B. The average revenue growth estimate for next year is down -29.20% from the average revenue estimate for this year.