Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock is trading at $1.92, up 3.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CIG shares have gain 0.52% over the last week, with a monthly amount drifted -0.52%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] stock has seen the most recent analyst activity on January 10, 2025, when HSBC Securities downgraded its rating to a Hold. On November 24, 2023, downgrade downgraded it’s rating to Neutral. HSBC Securities upgraded its rating to a Buy but stick to its price target of $2.90 on November 01, 2023. BofA Securities upgraded its rating to a Buy. In a note dated April 10, 2019, JP Morgan upgraded an Overweight rating on this stock.
Cia Energetica DE Minas Gerais – Cemig ADR [CIG] stock has fluctuated between $1.55 and $2.11 over the past year. Currently, Wall Street analysts expect the stock to reach $2.1 within the next 12 months. Cia Energetica DE Minas Gerais – Cemig ADR [NYSE: CIG] shares were valued at $1.92 at the most recent close of the market. An investor can expect a potential return of 9.38% based on the average CIG price forecast.
Analyzing the CIG fundamentals
Cia Energetica DE Minas Gerais – Cemig ADR [NYSE:CIG] reported sales of 7.48B for the trailing twelve months, which represents a drop of -5.21%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.31 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
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 1.8733 points at the first support level, and at 1.8267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9433, and for the 2nd resistance point, it is at 1.9667.
Ratios To Look Out For
For context, Cia Energetica DE Minas Gerais – Cemig ADR’s Current Ratio is 1.04. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 3.59.
