How is Companhia Energetica de Minas Gerais’s (NYSE: CIG) stock expected to perform amid current market woes?

The price of Companhia Energetica de Minas Gerais (NYSE: CIG) closed at $2.01 in the last session, up 3.08% from day before closing price of $1.95. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 3561404 shares were traded. CIG stock price reached its highest trading level at $2.0300 during the session, while it also had its lowest trading level at $1.9800.

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We take a closer look at CIG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.40. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.49.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Companhia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.26, and their Forward P/E ratio for the next fiscal year is 33.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 1.09.

Stock Price History:

Over the past 52 weeks, CIG has reached a high of $2.47, while it has fallen to a 52-week low of $1.75. The 50-Day Moving Average of the stock is 2.0774, while the 200-Day Moving Average is calculated to be 2.1516.

Shares Statistics:

According to the various share statistics, CIG traded on average about 4.80M shares per day over the past 3-months and 3.01M shares per day over the past 10 days. A total of 2.20B shares are outstanding, with a floating share count of 1.76B. Insiders hold about 1.00% of the company’s shares, while institutions hold 21.80% stake in the company. Shares short for CIG as of Jan 30, 2023 were 3.38M with a Short Ratio of 2.80M, compared to 3.89M on Dec 29, 2022.

Dividends & Splits

The forward annual dividend rate for CIG is 0.37, which was 0.98 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 50.26%, it implies a Forward Annual Dividend Yield of 9.08%. The stock’s 5-year Average Dividend Yield is 6.51. The current Payout Ratio is 255.30% for CIG, which recently paid a dividend on Dec 12, 2017 with an ex-dividend date of Dec 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 $0.06, with 1 analysts recommending between $0.06 and $0.06.

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 $1.13B in the next fiscal year. The high estimate is $1.13B and the low estimate is $1.13B. The average revenue growth estimate for next year is down -81.80% from the average revenue estimate for this year.