More Losses For Companhia Energetica de Minas Gerais (CIG) Or Getting Somewhere?

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The company ended trading -0.05 points lower on 16 January, Companhia Energetica de Minas Gerais (NYSE:CIG) is a stock to watch right now. Here’s how to trade it using charts and trading prices Thursday. Stock decreased -1.36 (%) change, now priced $3.64 with a light trading day between 2.598 million shares. Trading started priced $3.59, and stock prices went to $3.64 and low prices of $3.58; market cap is at $5.52 billion USD with 1.52 billion outstanding stocks. Companhia Energetica de Minas Gerais (CIG) shares have increased 12.86 (%) in last 3 consecutive weeks.

CIG share price trailing 3-Y Beta is 0.25, making a possible lower RoR yet also presenting less risk. Profit to share is at $0.23 over last 12 months. Shares increased 2.25 (%) (YTD) for a rise of 75.2 (%) over the last twelve months. Stock prices are -4.16 (%) from year high of $3.80 and 135.85 with the 52 Week lowest stock price at $1.54. Overall the stocks consensus estimates are 2.3 – out of 5, stock experts rate these shares a sell.

Companhia Energetica de Minas Gerais (CIG) could see increases of -9.34 (%) within the next year to $4.61price as 12-month high target. For a 26.65 (%) increase compared to the stocks current price. The 12-month median targeted valuation forecasted price by stock experts is $3.44, possible return at -5.49 (%) as share prices closed at $3.64 on Wednesday, January 16. The bottom estimated targeted valuation for shares are $2.64 an increase upwards of -27.47 (%) than CIG’s stock price today.

Stocks for Companhia Energetica de Minas Gerais have risen on 5 earnings reactions and increasing 0.01 (%) on earnings reports.

The Company’s stock prices are at $3.6. With support at $3.56. Up to now CIG shares trade higher than this price, investors are OK for now. RSI went to 60.03 which is not good. If prices go to below $3.56 more sell-offs are forecasted. However if shares go to $3.66 then we could see trading at a $3.68 price.

Company stock of Companhia Energetica de Minas Gerais (CIG) have Profit-Earnings Ratio at 16.73 (x) 12 month earnings reports. This market CIG is in has a median Profit-Earnings Ratio at 13.22. The Profit-Earnings Ratio dipped to 3.03X while rising to 27.92 in charts over last 5 years and is at 0.89 P/S ratio. Price-to-Sales ratio at 2.19. 20.1 (%) GPM for Companhia Energetica de Minas Gerais with OPM currently at 13.7 (%). NPM is 4.8 (%).

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