CoreCivic Inc (NYSE: CXW) has a higher price-to-earnings ratio of 21.70x compared to its average ratio, The 36-month beta value for CXW is at 0.89. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CXW is 107.31M, and currently, shorts hold a 3.24% of that float. The average trading volume for CXW on November 05, 2024 was 887.00K shares.
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CXW) stock’s latest price update
CoreCivic Inc (NYSE: CXW) has seen a decline in its stock price by -0.90 in relation to its previous close of 13.31. However, the company has experienced a -8.72% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-12 that Michael Burry is one of the best investors of our time. Just recently, he heavily invested in an office REIT. We review this investment and share our thoughts on it.
CXW’s Market Performance
CoreCivic Inc (CXW) has experienced a -8.72% fall in stock performance for the past week, with a 4.60% rise in the past month, and a 8.20% rise in the past quarter. The volatility ratio for the week is 4.19%, and the volatility levels for the past 30 days are at 3.17% for CXW. The simple moving average for the past 20 days is -3.27% for CXW’s stock, with a -6.38% simple moving average for the past 200 days.
Analysts’ Opinion of CXW
Many brokerage firms have already submitted their reports for CXW stocks, with Wedbush repeating the rating for CXW by listing it as a “Neutral.” The predicted price for CXW in the upcoming period, according to Wedbush is $14 based on the research report published on June 11, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see CXW reach a price target of $16. The rating they have provided for CXW stocks is “Outperform” according to the report published on October 19th, 2023.
Wedbush gave a rating of “Outperform” to CXW, setting the target price at $17 in the report published on April 14th of the previous year.
CXW Trading at -0.51% 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 -20.25% of loss for the given period.
Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 4.19%, as shares surge +3.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.56% lower at present.
During the last 5 trading sessions, CXW fell by -8.72%, which changed the moving average for the period of 200-days by -4.35% in comparison to the 20-day moving average, which settled at $13.64. In addition, CoreCivic Inc saw -9.22% 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 CXW starting from Carter, Cole G., who sale 8,000 shares at the price of $13.98 back on Nov 01 ’24. After this action, Carter, Cole G. now owns 199,847 shares of CoreCivic Inc, valued at $111,840 using the latest closing price.
Carter, Cole G., the Officer of CoreCivic Inc, proposed sale 8,000 shares at $13.75 during a trade that took place back on Nov 01 ’24, which means that Carter, Cole G. is holding shares at $110,000 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
- 0.19 for the gross margin
The net margin for CoreCivic Inc stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 4.77, with 2.32 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 0.24. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 6.44.
Currently, EBITDA for the company is 298.12 million with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 7.18for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In conclusion, CoreCivic Inc (CXW) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
