The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cia Energetica DE Minas Gerais – Cemig ADR (CIG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0107, or -0.44%, to $2.4193. The Cia Energetica DE Minas Gerais – Cemig ADR has recorded 1,226 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CEMIG FILES 20-F FORM.
Cia Energetica DE Minas Gerais – Cemig ADR is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Diversified industry. At the end of the last regular session, the stock closed at $2.43 and fluctuated between $2.4400 as its day high and $2.3500 as its day low. The current market capitalization of Cia Energetica DE Minas Gerais – Cemig ADR is $3.56B. A total of 8.18 million shares were traded on the day, compared to an average of 3.47M shares.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Cia Energetica DE Minas Gerais – Cemig ADR pays an annual dividend of $0.20, resulting in a dividend yield of 8.06%, and it has a price to earnings (P/E) ratio of 5.28.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CIG in the last 3 months, the mean price target is $2.14 with high estimates of $2.14 and low estimates of $2.14. In terms of 52-week highs and lows, CIG has a high of $2.68 and a low of $1.69.
As of this writing, CIG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CIG’s latest balance sheet shows that the firm has $4.05B in Cash & Short Term Investments as of fiscal 2021. There were $11.61B in debt and $10.69B in liabilities at the time. Its Book Value Per Share was $2.05, while its Total Shareholder’s Equity was $19.46B.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIG is Buy with a score of 5.00.