A new trading day began on Tuesday, with Cigna Group (NYSE: CI) stock price down -2.89% from the previous day of trading, before settling in for the closing price of $366.85. CI’s price has ranged from $253.95 to $370.83 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 48.25% over the last five years. Meanwhile, its annual earnings per share averaged 13.57%. With a float of $274.23 million, this company’s outstanding shares have now reached $292.50 million.
The firm has a total of 72500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 82.8%, operating margin of 3.67%, and the pretax margin is 1.9%.
Cigna Group (CI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Healthcare Plans Industry. The insider ownership of Cigna Group is 1.90%, while institutional ownership is 88.78%. The most recent insider transaction that took place on Aug 19 ’24, was worth 922,152. In this transaction Director of this company sold 2,691 shares at a rate of $342.68, taking the stock ownership to the 17,539 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Director proposed sale 2,691 for $342.68, making the entire transaction worth $922,152.
Cigna Group (CI) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 13.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.91% during the next five years compared to 10.54% growth over the previous five years of trading.
Cigna Group (NYSE: CI) Trading Performance Indicators
Here are Cigna Group’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46. Likewise, its price to free cash flow for the trailing twelve months is 12.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 12.71, a number that is poised to hit 7.25 in the next quarter and is forecasted to reach 31.81 in one year’s time.
Technical Analysis of Cigna Group (CI)
Analysing the last 5-days average volume posted by the [Cigna Group, CI], we can find that recorded value of 0.82 million was lower than the volume posted last year of 1.52 million. As of the previous 9 days, the stock’s Stochastic %D was 62.86%. Additionally, its Average True Range was 7.51.
During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 73.11%, which indicates a significant increase from 33.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.59% in the past 14 days, which was higher than the 20.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $344.93, while its 200-day Moving Average is $333.30. Now, the first resistance to watch is $363.88. This is followed by the second major resistance level at $371.52. The third major resistance level sits at $376.14. If the price goes on to break the first support level at $351.61, it is likely to go to the next support level at $346.99. Should the price break the second support level, the third support level stands at $339.35.
Cigna Group (NYSE: CI) Key Stats
With a market capitalization of 99.58 billion, the company has a total of 284,074K Shares Outstanding. Currently, annual sales are 195,265 M while annual income is 5,164 M. The company’s previous quarter sales were 60,523 M while its latest quarter income was 1,548 M.
