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Companhia Energética de Minas Gerais (CIG)

2.16   0 (0%) 12-02 16:00
Open: 2.18 Pre. Close: 2.16
High: 2.23 Low: 2.14
Volume: 3,928,775 Market Cap: 4,753(M)

Technical analysis

as of: 2022-12-02 4:21:42 PM
Overall:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 2.77     One year: 3.24
Support: Support1: 2.03    Support2: 1.82
Resistance: Resistance1: 2.38    Resistance2: 2.77
Pivot: 2.04
Moving Average: MA(5): 2.14     MA(20): 2.07
MA(100): 2.2     MA(250): 2.4
MACD: MACD(12,26): 0     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 83.5     %D(3): 76.7
RSI: RSI(14): 54.2
52-week: High: 3.39  Low: 1.82
Average Vol(K): 3-Month: 9,115 (K)  10-Days: 6,109 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ CIG ] has closed below upper band by 17.4%. Bollinger Bands are 5.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 2.23 - 2.24 2.24 - 2.25
Low: 2.12 - 2.13 2.13 - 2.14
Close: 2.14 - 2.16 2.16 - 2.17

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

Wed, 30 Nov 2022
FDA ban on flavored products did not result in adults quitting e-cig use - News-Medical.Net

Wed, 23 Nov 2022
Resignation from e-cig coordinator sparks discussion at McGregor board - Aitkin Independent Age

Mon, 21 Nov 2022
Utilities Stocks Moving Up and Down Monday: HTOO, ELP, CIG, SBS, FLNC, AMPS, CWCO, RNW - InvestorsObserver

Wed, 16 Nov 2022
Companhia Energética de Minas Gerais (CIG) Q3 2022 Earnings Call Transcript - Seeking Alpha

Wed, 16 Nov 2022
FDA warns e-cig companies over products that look like toys and target children - The Hill

Tue, 15 Nov 2022
Marijuana and E-cigs Can Harm the Heart Like Traditional Cigarettes - UC San Francisco

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Utilities
Industry:  Utilities—Diversified
Shares Out. 2,200 (M)
Shares Float 1,810 (M)
% Held by Insiders 0 (%)
% Held by Institutions 19.4 (%)
Shares Short 4,260 (K)
Shares Short P.Month 16,100 (K)

Stock Financials

EPS 0.23
EPS Est Next Qtl 0.03
EPS Est This Year 0.2
EPS Est Next Year 0.31
Book Value (p.s.) 9.25
Profit Margin (%) 8.1
Operating Margin (%) 11.5
Return on Assets (ttm) 4.7
Return on Equity (ttm) 14.3
Qtrly Rev. Growth 11.6
Gross Profit (p.s.) 2.86
Sales Per Share 16.01
EBITDA (p.s.) 2.33
Qtrly Earnings Growth -97.5
Operating Cash Flow 3,760 (M)
Levered Free Cash Flow 1,000 (M)

Stock Valuations

PE Ratio 9
PEG Ratio 0
Price to Book value 0.23
Price to Sales 0.13
Price to Cash Flow 1.26

Stock Dividends

Dividend 0.03
Forward Dividend 0
Dividend Yield 1.8%
Dividend Pay Date 2017-12-12
Ex-Dividend Date 2021-12-21
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