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Risks You Need To Know Before Getting in Companhia Energetica de Minas Gerais (NYSE:CIG)

Companhia Energetica de Minas Gerais (NYSE:CIG) previous close was $2.25 while the outstanding shares total 1.69B. The firm has a beta of 0.52, a 12-month trailing P/E ratio of 7.21. CIG’s shares traded higher over the last trading session, gaining 2.22% on 05/17/21. The shares fell to a low of $2.215 before closing at $2.30. Intraday shares traded counted 4.18 million, which was 67.8% higher than its 30-day average trading volume of 12.97M. The stock’s Relative Strength Index (RSI) is 58.59, with weekly volatility at 4.01% and ATR at 0.10. The CIG stock’s 52-week price range has touched low of $1.18 and a $2.67 high.

Investors have identified the Utilities – Diversified company Companhia Energetica de Minas Gerais as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.12 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Companhia Energetica de Minas Gerais (CIG) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CIG, the company has in raw cash 325.92 million on their books with 399.45 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 3.0 billion total, with 1.88 billion as their total liabilities.

Is the stock of CIG attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.

5 out of 8 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Companhia Energetica de Minas Gerais. 0 analysts has assigned a Sell rating on the CIG stock. The 12-month mean consensus price target for the company’s shares has been set at $2.90.

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