The price-to-earnings ratio for CoreCivic Inc (NYSE: CXW) is above average at 27.55x. The 36-month beta value for CXW is also noteworthy at 0.88. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for CXW is 109.02M, and at present, short sellers hold a 3.74% of that float. The average trading volume of CXW on May 10, 2024 was 856.77K shares.
CXW) stock’s latest price update
The stock price of CoreCivic Inc (NYSE: CXW) has surged by 0.85 when compared to previous closing price of 15.36, but the company has seen a 1.31% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-08 that BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024.
CXW’s Market Performance
CoreCivic Inc (CXW) has seen a 1.31% rise in stock performance for the week, with a -1.40% decline in the past month and a 3.27% surge in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 2.44% for CXW. The simple moving average for the past 20 days is 2.48% for CXW’s stock, with a 17.24% simple moving average for the past 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 1.99% 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 -4.62% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.59% upper at present.
During the last 5 trading sessions, CXW rose by +1.31%, which changed the moving average for the period of 200-days by +61.19% in comparison to the 20-day moving average, which settled at $15.10. In addition, CoreCivic Inc saw 6.61% 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:
- 0.14 for the present operating margin
- 0.22 for the gross margin
The net margin for CoreCivic Inc stands at 0.03. The total capital return value is set at 0.11. Equity return is now at value 4.52, with 2.13 for asset returns.
Based on CoreCivic Inc (CXW), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is -486.82.
Currently, EBITDA for the company is 298.12 million with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 7.07for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In summary, CoreCivic Inc (CXW) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
