Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock prices are up 1.19% to $2.55 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CIG shares have gain 2.82% over the last week, with a monthly amount glided 9.59%, and 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
On 16, May 2023, CEMIG FILES 20-F FORM. In a post published today on Yahoo Finance, A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG (“CEMIG”), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão (“B3”) and the market in general that it has filed on May 16, 2023, Form 20-F for the 2022 fiscal year (“2022 Form 20-F”) with the U.S. Securities and Exchange Commission (“SEC”).
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.
The stock price of Cia Energetica DE Minas Gerais – Cemig ADR [CIG] has been fluctuating between $1.97 and $2.58 over the past year. Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] shares were valued at $2.55 at the most recent close of the market.
Analyzing the CIG fundamentals
The Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] reported sales of 7.39B for trailing twelve months, representing a surge of 8.27%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.25 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 2.51 points at the first support level, and at 2.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.58, and for the 2nd resistance point, it is at 2.61.
Ratios To Look Out For
It’s worth pointing out that Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG]’s Current Ratio is 0.91. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 4.86.
