Cigna Group (CI) is -5.62% away from 50-day simple Moving Average despite all headwinds

Cigna Group (NYSE: CI) kicked off on Tuesday, down -2.44% from the previous trading day, before settling in for the closing price of $319.15. Over the past 52 weeks, CI has traded in a range of $288.88-$370.83.

Annual sales at Healthcare sector company grew by 48.25% over the past five years. While this was happening, its average annual earnings per share was recorded 13.60%. With a float of $272.90 million, this company’s outstanding shares have now reached $279.50 million.

Let’s look at the performance matrix of the company that is accounted for 72500 employees. 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 and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Healthcare Plans Industry. The insider ownership of Cigna Group is 1.89%, while institutional ownership is 88.72%. 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

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

Take a look at Cigna Group’s (CI) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.38. Likewise, its price to free cash flow for the trailing twelve months is 16.71.

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)

Cigna Group (NYSE: CI) saw its 5-day average volume 1.9 million, a positive change from its year-to-date volume of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 11.97%. Additionally, its Average True Range was 7.66.

During the past 100 days, Cigna Group’s (CI) raw stochastic average was set at 7.34%, which indicates a significant increase from 2.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.09% in the past 14 days, which was lower than the 25.93% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $329.92, while its 200-day Moving Average is $341.16. Nevertheless, the first resistance level for the watch stands at $317.07 in the near term. At $322.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $326.01. If the price goes on to break the first support level at $308.13, it is likely to go to the next support level at $304.89. The third support level lies at $299.19 if the price breaches the second support level.

Cigna Group (NYSE: CI) Key Stats

The company with the Market Capitalisation of 86.61 billion has total of 278,153K Shares Outstanding. Its annual sales at the moment are 195,265 M in contrast with the sum of 5,164 M annual income. Company’s last quarter sales were recorded 63,694 M and last quarter income was 739,000 K.