With 1.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. During the session, the Utilities – Diversified company that operates in wider Utilities sector, reached to the highest price of $1.9182 whereas the lowest price it dropped to was $1.89. The 52-week range on CIG shows that it touched its highest point at $2.15 and its lowest point at $1.44 during that stretch. It currently has a 1-year price target of $2.40. With its current market cap of 3.62 billion, CIG has annualized dividend of $0.06 while the current yield stands at 3.32%. CIG paid its most recent dividend on 1727654400, while the ex-dividend date for that was 1727654400. Beta for the stock currently stands at 1.27.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIG was down-trending over the past week, with a drop of -2.56%, but this was down by -7.77% over a month. Three-month performance surged to 7.56% while six-month performance rose 6.25%. The stock gained 19.17% in the past year, while it has gained 14.26% so far this year. A look at the trailing 12-month EPS for CIG yields 0.42 with Next year EPS estimates of 0.28. For the next quarter, that number is 0.14. This implies an EPS growth rate of -22.31% for this year and -19.93% for next year.
Float and Shares Shorts:
At present, 1.90 billion CIG shares are outstanding with a float of 1.90 billion shares on hand for trading. On 2024-09-30, short shares totaled 5.04 million, which was 18.000000999999997 higher than short shares on 1724976000. In addition to Mr. Reynaldo Passanezi Filho as the firm’s CEO, President & Member of Executive Board, Mr. Leonardo George de Magalhães serves as its Chief Officer for Finance & Investor Relations and Member of Executive Board.
Institutional Ownership:
Through their ownership of 0.091529995 of CIG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CIG reported revenue of $9435991000.0 and operating income of $1998531000.0. The EBITDA in the recently reported quarter was $3100716000.0 and diluted EPS was $0.590307.
