CoreCivic Inc (NYSE: CXW)’s stock price has soared by 2.69 in relation to previous closing price of 21.94. Nevertheless, the company has seen a gain of 4.94% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-11-12 that Subscribers to Chart of the Week received this commentary on Sunday, October 27.
Is It Worth Investing in CoreCivic Inc (NYSE: CXW) Right Now?
CoreCivic Inc (NYSE: CXW) has a higher price-to-earnings ratio of 33.24x compared to its average ratio. CXW has 36-month beta value of 1.04. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CXW is 107.44M, and currently, short sellers hold a 3.19% ratio of that float. The average trading volume of CXW on November 27, 2024 was 1.21M shares.
CXW’s Market Performance
CXW stock saw an increase of 4.94% in the past week, with a monthly gain of 54.32% and a quarterly increase of 65.30%. The volatility ratio for the week is 4.44%, and the volatility levels for the last 30 days are 6.31% for CoreCivic Inc (CXW). The simple moving average for the past 20 days is 12.27% for CXW’s stock, with a 53.73% 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 41.12% 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 -9.84% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 4.44%, as shares surge +57.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +75.04% upper at present.
During the last 5 trading sessions, CXW rose by +5.01%, which changed the moving average for the period of 200-days by +57.33% in comparison to the 20-day moving average, which settled at $20.07. In addition, CoreCivic Inc saw 55.06% 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 Grande Anthony L, who sale 26,000 shares at the price of $22.18 back on Nov 26 ’24. After this action, Grande Anthony L now owns 127,380 shares of CoreCivic Inc, valued at $576,680 using the latest closing price.
Emkes Mark A, the Director of CoreCivic Inc, sale 16,000 shares at $22.70 during a trade that took place back on Nov 22 ’24, which means that Emkes Mark A is holding 149,264 shares at $363,200 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 5.18, with 2.54 for asset returns.
Based on CoreCivic Inc (CXW), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 3.4.
Currently, EBITDA for the company is 296.1 million with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 7.45for 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 1.51.
Conclusion
To put it simply, CoreCivic Inc (CXW) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
