Cigna Group (NYSE:CI) price on Friday, July 12, rose 0.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $334.79.
A look at the stock’s price movement, the close in the last trading session was $333.56. The PE ratio in trailing twelve months stood at 27.48. Turning to its 52-week performance, $365.71 and $253.95 were the 52-week high and 52-week low respectively. Overall, CI moved -0.93% over the past month.
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Cigna Group’s market cap currently stands at around $95.10 billion. The company has a Forward Dividend ratio of 5.26, with its dividend yield at 1.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 58.29B for the company’s revenue for the quarter, with a low and high estimate of 57.23B and 59.1B respectively. The average forecast suggests up to a 19.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 235.63B, representing a 20.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CI is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.30, with CI’s current price about 0.74% and -0.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.33, while 7-day volatility ratio is 2.26% and 2.03% in the 30-day chart. Further, Cigna Group (CI) has a beta value of 0.52, and an average true range (ATR) of 6.71.
If we refocus on Cigna Group (NYSE:CI), historical trading data shows that trading volumes averaged 1.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 292.50 million shares.
The 1.87% of Cigna Group’s shares are in the hands of company insiders while institutional holders own 89.91% of the company’s shares. Current price change has pushed the stock 11.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CI stock continues to rise going into the next quarter.
