On Monday, Cigna Group (NYSE: CI) opened higher 7.28% from the last session, before settling in for the closing price of $319.77. Price fluctuations for CI have ranged from $253.95 to $370.83 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 48.25% annually for the last half of the decade. Company’s average yearly earnings per share was noted 13.60% at the time writing. With a float of $272.90 million, this company’s outstanding shares have now reached $292.50 million.
In an organization with 72500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 83.63%, operating margin of 3.59%, and the pretax margin is 1.49%.
Cigna Group (CI) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Cigna Group is 1.89%, while institutional ownership is 89.16%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 13.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.50% during the next five years compared to 10.54% growth over the previous five years of trading.
Cigna Group (NYSE: CI) Trading Performance Indicators
Check out the current performance indicators for Cigna Group (CI). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42. Likewise, its price to free cash flow for the trailing twelve months is 18.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.60, a number that is poised to hit 7.87 in the next quarter and is forecasted to reach 31.56 in one year’s time.
Technical Analysis of Cigna Group (CI)
Let’s dig in a bit further. During the last 5-days, its volume was 2.07 million. That was better than the volume of 1.54 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 53.82%. Additionally, its Average True Range was 10.35.
During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 56.73%, which indicates a significant decrease from 88.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.10% in the past 14 days, which was higher than the 25.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $341.32, while its 200-day Moving Average is $341.28. However, in the short run, Cigna Group’s stock first resistance to watch stands at $347.21. Second resistance stands at $351.37. The third major resistance level sits at $355.12. If the price goes on to break the first support level at $339.31, it is likely to go to the next support level at $335.57. The third support level lies at $331.41 if the price breaches the second support level.
Cigna Group (NYSE: CI) Key Stats
There are currently 278,153K shares outstanding in the company with a market cap of 95.51 billion. Presently, the company’s annual sales total 195,265 M according to its annual income of 5,164 M. Last quarter, the company’s sales amounted to 63,694 M and its income totaled 739,000 K.
