Cigna Group [NYSE: CI] plunged by -$20.33 during the normal trading session on while it closed the day at $282.98.
Cigna Group stock has also loss -4.07% of its value over the past 7 days. However, CI stock has declined by -10.14% in the 3 months of the year. Over the past six months meanwhile, it has lost -19.78% and gained 2.48% year-on date.
The market cap for CI stock reached $78.71 billion, with 278.15 million shares outstanding and 273.79 million shares in the current float. Compared to the average trading volume of 2.01M shares, CI reached a trading volume of 5479007 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Cigna Group [CI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CI shares is $386.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CI stock is a recommendation set at 1.56. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Cigna Group shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on May 30, 2024, representing the official price target for Cigna Group stock. Previously, the target price had yet another raise to $393, while Barclays analysts kept a Overweight rating on CI stock. On February 05, 2024, analysts increased their price target for CI shares from 327 to 354.
The Average True Range (ATR) for Cigna Group is set at 8.89, with the Price to Sales ratio for CI stock in the period of the last 12 months amounting to 0.40. The Price to Book ratio for the last quarter was 1.89. Price to Free Cash Flow for CI in the course of the last twelve months was 15.18.
CI stock trade performance evaluation
Cigna Group [CI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.07. With this latest performance, CI shares gained by 1.53% in over the last four-week period, additionally sinking by -19.78% over the last 6 months – not to mention a drop of -5.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CI stock in for the last two-week period is set at 43.41, with the RSI for the last a single of trading hit 40.93, and the three-weeks RSI is set at 43.50 for Cigna Group [CI]. The present Moving Average for the last 50 days of trading for this stock 298.40, while it was recorded at 297.69 for the last single week of trading, and 330.11 for the last 200 days.
Cigna Group [CI]: An insightful look at the core fundamentals
Cigna Group’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.86.
Earnings per share (EPS) analysis for Cigna Group [CI] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cigna Group go to 12.24%.
Cigna Group [CI]: Institutional Ownership
There are presently around $89.52%, or 90.96%% of CI stock, in the hands of institutional investors. The top three institutional holders of CI stocks are: VANGUARD GROUP INC with ownership of 26.19 million shares, which is approximately 9.1414%. BLACKROCK INC., holding 23.83 million shares of the stock with an approximate value of $$7.88 billion in CI stocks shares; and BLACKROCK INC., currently with $$4.61 billion in CI stock with ownership which is approximately 4.8699%.
