CoreCivic Inc. (NYSE:CXW) currently has a daily average trading volume of 998.81K but it saw 874383 shares traded on Thursday. With a market cap of 970.41M USD, stock’s current market price of $8.49 came falling about -5.14 while comparing to the previous closing price of $8.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.51 and as low as $7.84. In the recent trading on the day, stock has struck highest price mark of $8.86 while lowest mark touched by it was $8.37.
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Taking a look at 20-day trading activity of CoreCivic Inc. (CXW) gives us an average price of $8.90, while its current price level is -37.16% below from 52-week high level whereas it is 8.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.02 while that of 200 days or SMA-200 reads an average of $10.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.11% during that period while stretching the period over a month that increases to 4.50%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.54 which implies that the stock is in neutral territory.
CoreCivic Inc. (CXW)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $10.50 and $17.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $10.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $17.00. Average price target assigned by them is $14.17 which highlights an upside potential of 40.08% for the stock over that period. And to attain the median price target of $15.00 assigned by those analysts, stock has to add about 43.4% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, CXW’s stock price is moving -4.71% down while it is 1.92% when we observe its performance for the past one month. Year-to-date it is -26.56% down and over the past year, the stock is showing a downside performance of -34.24%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.11 beaten by the consensus estimate of $0.14 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.12 while estimate for next year EPS is $0.5. For CXW, analysts are forecasting an EPS-growth rate of -51.50% for current year and estimate for EPS growth in next year is 56.00%. In next quarter, company is expected to be making quarterly sales of $473.05 million as analysts are expecting the sales for current fiscal year at $1.89 billion and seeing the company making $2 billion in sales next year. Moreover, analysts are in estimates of $467.46 million for current-quarter revenue.
Currently, CoreCivic Inc.’s total number of outstanding shares is 114.53M with 1.64% of that held by the insiders while 84.39% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.40% and return on equity (ROE) at 8.20%. It has a price to earnings ratio (P/E ratio) of 8.58 while having a 10.86 of forward P/E ratio. Stock’s beta reads 0.95. Stock has a price to book (P/B) ratio of 0.68 while price to sale or P/S ratio amounts to 0.52. Its return on asset (ROA) is 3.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the CoreCivic Inc. (CXW) decreasing its stake to 7.30% with control over 12937.0 shares in the company.
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