Cigna Group (NYSE:CI) shares, rose in value, with the stock price down by -0.01% to the previous day’s close as strong demand from buyers drove the stock to $354.47.
Actively observing the price movement in the last trading, the stock closed the session at $354.51. The PE ratio was 20.39 over 12-month period. Referring to stock’s 52-week performance, its high was $365.71, and the low was $240.50. On the whole, CI has fluctuated by -2.44% over the past month.
The company’s Forward Dividend Ratio is 5.09, with its dividend yield at 1.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 235.5B, with a low estimate of 55.57B and a high estimate of 57.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 56.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.71, with the price of CI currently trading nearly -0.23% and 1.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.39, while the 7-day volatility ratio is showing 1.15% which for the 30-day chart, stands at 1.38%. Furthermore, Cigna Group (CI)’s beta value is 0.58, and its average true range (ATR) is 4.99.
A comparison of Cigna Group (CI) with its peers suggests the former has fared considerably weaker in the market. CI showed an intraday change of -0.01% in last session, and over the past year, it grew by 42.83%%.
Data on historical trading for Cigna Group (NYSE:CI) indicates that the trading volumes over the past 3 months, they’ve averaged 1.54 million. According to company’s latest data on outstanding shares, there are 292.50 million shares outstanding.
Nearly 1.82% of Cigna Group’s shares belong to company insiders and institutional investors own 91.40% of the company’s shares. The stock has risen by 18.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CI stock heading into the next quarter.
