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Companhia Energética de Minas Gerais (CIG)
2.03  -0.01 (-0.49%)    10-04 16:00
Open: 2.04
High: 2.04
Volume: 1,303,255
  
Pre. Close: 2.04
Low: 2
Market Cap: 6,365(M)
Technical analysis
2024-10-04 4:42:59 PM
Short term     
Mid term     
Targets 6-month :  2.44 1-year :  2.51
Resists First :  2.09 Second :  2.15
Pivot price 2.07
Supports First :  2 Second :  1.66
MAs MA(5) :  2.05 MA(20) :  2.07
MA(100) :  1.96 MA(250) :  1.88
MACD MACD :  -0.1 Signal :  0
%K %D K(14,3) :  22.9 D(3) :  26.9
RSI RSI(14): 44.6
52-week High :  2.19 Low :  1.62
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ CIG ] has closed above bottom band by 14.5%. Bollinger Bands are 41.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 14 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 2.04 - 2.06 2.06 - 2.07
Low: 1.97 - 1.98 1.98 - 2
Close: 2.01 - 2.03 2.03 - 2.05
Company Description

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Headline News

Sat, 05 Oct 2024
CEMIG (NYSE:CIG) Stock Price Passes Above 200 Day Moving Average - Time to Sell? - MarketBeat

Fri, 27 Sep 2024
CEMIG (NYSE:CIG) Shares Pass Above 200 Day Moving Average of $1.94 - MarketBeat

Tue, 10 Sep 2024
Companhia Energética de Minas Gerais – CEMIG (CIG): Hedge Funds Are Bullish On This Quality Penny Stock Now - Insider Monkey

Wed, 14 Aug 2024
Cemig: Q2 Earnings Snapshot - CTPost

Thu, 18 Jul 2024
CEMIG Announces Dividends and Share Bonus - TipRanks

Tue, 14 May 2024
Is Companhia Energetica Minas Gerais (CIG) the Best High-Dividend Penny Stock to Buy Now? - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Utilities
Industry:
Diversified Utilities
Shares Out 1,900 (M)
Shares Float 2,330 (M)
Held by Insiders 0 (%)
Held by Institutions 9.2 (%)
Shares Short 5,040 (K)
Shares Short P.Month 5,880 (K)
Stock Financials
EPS 0.34
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.31
Profit Margin 15.7 %
Operating Margin 21.1 %
Return on Assets (ttm) 8.3 %
Return on Equity (ttm) 23.7 %
Qtrly Rev. Growth 7 %
Gross Profit (p.s.) 0
Sales Per Share 19.93
EBITDA (p.s.) 4.58
Qtrly Earnings Growth 35.5 %
Operating Cash Flow 6,820 (M)
Levered Free Cash Flow -3 (M)
Stock Valuations
PE Ratio 5.8
PEG Ratio 0
Price to Book value 0.21
Price to Sales 0.1
Price to Cash Flow 0.56
Stock Dividends
Dividend 0.09
Forward Dividend 0
Dividend Yield 4.4%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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