Cigna Group (NYSE: CI)’s stock price has plunge by -0.56relation to previous closing price of 281.63. Nevertheless, the company has seen a 5.45% surge in its stock price over the last five trading sessions. youtube.com reported 2024-12-23 that Wendell Potter, Center for Health and Democracy president and former Cigna vice president, joins ‘Squawk Box’ to discuss public anger at the health care industry, problems with health insurance, and more.
Is It Worth Investing in Cigna Group (NYSE: CI) Right Now?
Cigna Group (NYSE: CI) has a price-to-earnings ratio that is above its average at 26.42x. The stock has a 36-month beta value of 0.53. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for CI is 272.88M, and at present, short sellers hold a 1.69% of that float. On December 26, 2024, the average trading volume of CI was 1.99M shares.
CI’s Market Performance
CI’s stock has seen a 5.45% increase for the week, with a -14.73% drop in the past month and a -19.72% fall in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 2.83% for Cigna Group The simple moving average for the last 20 days is -7.81% for CI stock, with a simple moving average of -17.20% for the last 200 days.
Analysts’ Opinion of CI
Many brokerage firms have already submitted their reports for CI stocks, with Piper Sandler repeating the rating for CI by listing it as a “Overweight.” The predicted price for CI in the upcoming period, according to Piper Sandler is $400 based on the research report published on June 26, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see CI reach a price target of $388. The rating they have provided for CI stocks is “Outperform” according to the report published on May 30th, 2024.
Barclays gave a rating of “Overweight” to CI, setting the target price at $393 in the report published on March 06th of the current year.
CI Trading at -11.57% from the 50-Day Moving Average
After a stumble in the market that brought CI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.48% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -15.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.31% lower at present.
During the last 5 trading sessions, CI rose by +5.45%, which changed the moving average for the period of 200-days by -18.18% in comparison to the 20-day moving average, which settled at $303.79. In addition, Cigna Group saw -6.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CI starting from DeLaney William J III, who sale 2,691 shares at the price of $342.68 back on Aug 19 ’24. After this action, DeLaney William J III now owns 17,539 shares of Cigna Group, valued at $922,152 using the latest closing price.
DeLaney William J III, the Director of Cigna Group, proposed sale 2,691 shares at $342.68 during a trade that took place back on Aug 19 ’24, which means that DeLaney William J III is holding shares at $922,152 based on the most recent closing price.
Stock Fundamentals for CI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.84 for the gross margin
The net margin for Cigna Group stands at 0.01. The total capital return value is set at 0.07. Equity return is now at value 6.92, with 2.04 for asset returns.
Based on Cigna Group (CI), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 5.18.
Currently, EBITDA for the company is 9.99 billion with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 8.28for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To sum up, Cigna Group (CI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
