After finishing at $2.37 in the prior trading day, Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) closed at $2.30, down -2.95%. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 2736234 shares were traded. CIG stock price reached its highest trading level at $2.3800 during the session, while it also had its lowest trading level at $2.2900.
Ratios:
Our goal is to gain a better understanding of CIG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.50.
On November 01, 2023, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $2.90.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIG now has a Market Capitalization of 5.54B and an Enterprise Value of 7.05B. As of this moment, Cia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.86, and their Forward P/E ratio for the next fiscal year is 5.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 0.20 whereas that against EBITDA is 0.70.
Stock Price History:
Over the past 52 weeks, CIG has reached a high of $2.61, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is 2.3216, while the 200-Day Moving Average is calculated to be 2.4141.
Shares Statistics:
The stock has traded on average 2.53M shares per day over the past 3-months and 2.32M shares per day over the last 10 days, according to various share statistics. A total of 1.46B shares are outstanding, with a floating share count of 1.46B. Insiders hold about 0.00% of the company’s shares, while institutions hold 10.64% stake in the company. Shares short for CIG as of Feb 29, 2024 were 1.53M with a Short Ratio of 0.61, compared to 1.44M on Jan 31, 2024.
Dividends & Splits
In the trailing 12 months, CIG’s forward annual dividend rate was 1.01, compared to 0.06 this year. Against a Trailing Annual Dividend Yield of 42.62%, it implies a Forward Annual Dividend Yield of 9.75%. The stock’s 5-year Average Dividend Yield is 6.70. The current Payout Ratio is 48.67% for CIG, which recently paid a dividend on Dec 13, 2017 with an ex-dividend date of Dec 22, 2023. Stock splits for the company last occurred on May 03, 2021 when the company split stock in a 1:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. 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, with 0 analysts recommending between $0 and $0.
