With 4.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.68 million shares. The 52-week range on CIG shows that it touched its highest point at $2.07 and its lowest point at $1.59 during that stretch. It currently has a 1-year price target of $2.40. Beta for the stock currently stands at 1.01.
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 -2.69%, but this was up by 6.47% over a month. Three-month performance dropped to -3.98% while six-month performance fell -5.23%. The stock gained 0.84% in the past year, while it has gained 4.16% so far this year. A look at the trailing 12-month EPS for CIG yields 0.44 with Next year EPS estimates of 0.22. For the next quarter, that number is 0.05. This implies an EPS growth rate of -46.27% for this year and -4.83% for next year. EPS is expected to decline by -23.01% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.17%.
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.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIG since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.76529 being high and $2.10424 being low. For CIG, this leads to a yearly average estimate of $2.41703.
