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Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) closed the day trading at $1.94 down -1.52% from the previous closing price of $1.97. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1.93 million shares were traded. CIG stock price reached its highest trading level at $1.9693 during the session, while it also had its lowest trading level at $1.94.
Ratios:
For a better understanding of CIG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.28.
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 6088205312 and an Enterprise Value of 14222724096. As of this moment, Cia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.66, and their Forward P/E ratio for the next fiscal year is 6.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 0.375 whereas that against EBITDA is 1.631.
Stock Price History:
Over the past 52 weeks, CIG has reached a high of $2.15, while it has fallen to a 52-week low of $1.44. The 50-Day Moving Average of the stock is -4.41%, while the 200-Day Moving Average is calculated to be 6.57%.
Shares Statistics:
Over the past 3-months, CIG traded about 1.77M shares per day on average, while over the past 10 days, CIG traded about 1383870 shares per day. A total of 1.90B shares are outstanding, with a floating share count of 1.90B. Insiders hold about 0.00% of the company’s shares, while institutions hold 8.76% stake in the company. Shares short for CIG as of 1727654400 were 5037434 with a Short Ratio of 2.84, compared to 1724976000 on 4802109. Therefore, it implies a Short% of Shares Outstanding of 5037434 and a Short% of Float of 0.32.
Dividends & Splits
CIG’s forward annual dividend rate is 0.06, up from 1.092 a year ago. Against a Trailing Annual Dividend Yield of 0.55431473The stock’s 5-year Average Dividend Yield is 7.18.
