Millicom International Cellular S.A. (NASDAQ:TIGO) traded at $17.30 at last check on Tuesday, 01/24/23, made an upward move of 16.66% on its previous day’s price.
Looking at the stock we see that its previous close was $14.83 and the beta (5Y monthly) reads 0.96 with the day’s price range being $14.76 – $14.98. The company has a trailing 12-month PE ratio of 2.25. In terms of its 52-week price range, TIGO has a high of $22.74 and a low of $10.22. The company’s stock has gained about 15.14% over that past 30 days.
Millicom International Cellular S.A. has a market cap of $2.53 billion and is expected to release its quarterly earnings report on Feb 10, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.27, with the EPS growth for the year raised at $0.58 for 2022 and $1.16 for next year. These figures represent -90.10% and 100.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.41 billion, with a low of $1.4 billion and a high of $1.41 billion. The median projection represents growth squeezing down to 4.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $5.64 billion, or 22.20% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TIGO stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Millicom International Cellular S.A. (TIGO) stock as a Hold, while 8 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 25.47% off its SMA20 and 27.94% from its 50-day simple moving average. The RSI (14) is pointing at 81.41 while the volatility over the past week is 1.89% and jumps to 2.18% over the past one month. The beta value is 0.98, while the average true range (ATR) is currently pointing at 0.38. The average price target for the stock over the next 12 months is $20.10, with the estimates having a low of $13.00 and a high of $25.96. These price ends are 24.86% and -50.06% off the today’s price level respectively, although investors could be excited at the prospect of a -13.01% if the TIGO share price touches on the median price of $19.55.
Let’s briefly compare Millicom International Cellular S.A. (TIGO) stock to its peers. We find that today’s price change of 16.66% and -30.22% over the past 12 months for TIGO. Another of its peers America Movil S.A.B. de C.V. (AMX) has dropped -0.21% today, and was 17.05% up over the past year, while Telefonica S.A. (TEF) is also down -1.29% yet, while its price remains in the red at -9.76% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.45% and -1.08%, respectively, in early deals.
Coming back to Millicom International Cellular S.A. (NASDAQ:TIGO), we note that the average 3-month trading volume was 161.60K, while that of the preceding 10-day period stands at 0.14 million. Current shares outstanding are 170.87 million.
The insiders hold 36.00% of the company’s shares while institutions hold 15.30%. The data shows that short shares as of Dec 29, 2022, stood at 0.24 million at a short ratio of 1.58. This represents a 0.14% short interest in shares outstanding on Dec 29, 2022. Shares short fall in December from the previous month at 0.27 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 17.42% up in year-to-date price movement.