The stock price of CoreCivic Inc (NYSE: CXW) has jumped by 2.44 compared to previous close of 15.36. Despite this, the company has seen a gain of 0.80% in its stock price over the last five trading days. InvestorPlace reported 2024-03-21 that While political cycles are always difficult to predict, the challenge of finding stocks for the presidential election is slightly easier. How can that be, you might wonder?
Is It Worth Investing in CoreCivic Inc (NYSE: CXW) Right Now?
CoreCivic Inc (NYSE: CXW) has a price-to-earnings ratio that is above its average at 26.69x. The stock has a 36-month beta value of 0.82. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CXW is 109.36M, and at present, short sellers hold a 4.24% of that float. On April 05, 2024, the average trading volume of CXW was 971.76K shares.
CXW’s Market Performance
CXW stock saw an increase of 0.80% in the past week, with a monthly gain of 6.61% and a quarterly increase of 11.83%. The volatility ratio for the week is 2.69%, and the volatility levels for the last 30 days are 2.93% for CoreCivic Inc (CXW). The simple moving average for the last 20 days is 3.24% for CXW’s stock, with a simple moving average of 25.80% for the last 200 days.
Analysts’ Opinion of CXW
Many brokerage firms have already submitted their reports for CXW stocks, with Northland Capital repeating the rating for CXW by listing it as a “Outperform.” The predicted price for CXW in the upcoming period, according to Northland Capital is $16 based on the research report published on October 19, 2023 of the previous year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see CXW reach a price target of $17. The rating they have provided for CXW stocks is “Outperform” according to the report published on April 14th, 2022.
Wedbush gave a rating of “Neutral” to CXW, setting the target price at $10.85 in the report published on June 18th of the previous year.
CXW Trading at 6.13% from the 50-Day Moving Average
After a stumble in the market that brought CXW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.11% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +5.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.80% upper at present.
During the last 5 trading sessions, CXW rose by +0.77%, which changed the moving average for the period of 200-days by +68.06% in comparison to the 20-day moving average, which settled at $15.28. In addition, CoreCivic Inc saw 8.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CXW starting from Swindle, Patrick D., who sale 15,000 shares at the price of $14.60 back on Mar 14 ’24. After this action, Swindle, Patrick D. now owns 218,504 shares of CoreCivic Inc, valued at $218,937 using the latest closing price.
Hininger Damon T, the President & CEO of CoreCivic Inc, sale 50,525 shares at $14.62 during a trade that took place back on Mar 08 ’24, which means that Hininger Damon T is holding 820,262 shares at $738,676 based on the most recent closing price.
Stock Fundamentals for CXW
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.21 for the gross margin
The net margin for CoreCivic Inc stands at 0.04. The total capital return value is set at 0.08. Equity return is now at value 4.65, with 2.13 for asset returns.
Based on CoreCivic Inc (CXW), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 6.31.
Currently, EBITDA for the company is 298.12 million with net debt to EBITDA at 3.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 6.08for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
To sum up, CoreCivic Inc (CXW) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
