A share price of Cia Energetica DE Minas Gerais – Cemig ADR [CIG] is currently trading at $2.35, up 3.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CIG shares have gain 2.17% over the last week, with a monthly amount drifted -1.67%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] stock has seen the most recent analyst activity on November 24, 2023, when BofA Securities downgraded its rating to a Neutral. Previously, HSBC Securities upgraded its rating to Buy on November 01, 2023, and kept the price target unchanged to $2.90. On September 20, 2023, upgrade upgraded it’s rating to Buy. Goldman started tracking the stock assigning a Buy rating. JP Morgan upgraded its rating to a Overweight. Citigroup downgraded its rating to Sell for this stock on January 16, 2019. In a note dated January 03, 2019, Goldman downgraded an Sell rating on this stock.
Cia Energetica DE Minas Gerais – Cemig ADR experienced fluctuations in its stock price throughout the past year between $1.76 and $2.61. Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] shares were valued at $2.35 at the most recent close of the market.
Analyzing the CIG fundamentals
Trailing Twelve Months sales for Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] were 7.23B which represents 9.81% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.23 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.30 points at the first support level, and at 2.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.38, and for the 2nd resistance point, it is at 2.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] is 1.30. Further, the Quick Ratio stands at 1.30, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 4.97.
