Cigna Group (NYSE: CI) on Friday, soared 0.39% from the previous trading day, before settling in for the closing price of $336.50. Within the past 52 weeks, CI’s price has moved between $253.95 and $370.83.
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Healthcare Sector giant saw their annual sales surged by 48.25% over the last five years. The company achieved an average annual earnings per share of 13.60%. With a float of $272.90 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 83.63%, operating margin of 3.22%, and the pretax margin is 1.49%.
Cigna Group (CI) Insider Activity
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Cigna Group is 1.89%, while institutional ownership is 88.74%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 6.79 earnings per share (EPS) for the period topping the consensus outlook (set at 6.54) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.95 per share during the current fiscal year.
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 12.00% during the next five years compared to 10.54% growth over the previous five years of trading.
Cigna Group (NYSE: CI) Trading Performance Indicators
Cigna Group (CI) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.41. Likewise, its price to free cash flow for the trailing twelve months is 18.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.60, a number that is poised to hit 7.83 in the next quarter and is forecasted to reach 31.54 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 1.69 million was better than the volume posted last year of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 85.89%. Additionally, its Average True Range was 7.96.
During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 48.53%, which indicates a significant decrease from 68.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.77% in the past 14 days, which was higher than the 25.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $333.51, while its 200-day Moving Average is $341.76. Now, the first resistance to watch is $339.93. This is followed by the second major resistance level at $342.06. The third major resistance level sits at $344.52. If the price goes on to break the first support level at $335.34, it is likely to go to the next support level at $332.88. Should the price break the second support level, the third support level stands at $330.75.
Cigna Group (NYSE: CI) Key Stats
Market capitalization of the company is 94.32 billion based on 278,153K outstanding shares. Right now, sales total 195,265 M and income totals 5,164 M. The company made 63,694 M in profit during its latest quarter, and 739,000 K in sales during its previous quarter.
