The stock of CoreCivic Inc (CXW) has gone down by -4.63% for the week, with a -4.59% drop in the past month and a 69.77% rise in the past quarter. The volatility ratio for the week is 3.91%, and the volatility levels for the past 30 days are 4.56% for CXW. The simple moving average for the past 20 days is -3.43% for CXW’s stock, with a 38.26% simple moving average for the past 200 days.
Is It Worth Investing in CoreCivic Inc (NYSE: CXW) Right Now?
The price-to-earnings ratio for CoreCivic Inc (NYSE: CXW) is above average at 30.99x. The 36-month beta value for CXW is also noteworthy at 1.05. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CXW is 107.48M, and at present, short sellers hold a 3.29% of that float. The average trading volume of CXW on December 20, 2024 was 1.28M shares.
CXW) stock’s latest price update
CoreCivic Inc (NYSE: CXW) has experienced a rise in its stock price by 2.29 compared to its previous closing price of 20.53. However, the company has seen a fall of -4.63% in its stock price over the last five trading days. globenewswire.com reported 2024-12-16 that BRENTWOOD, Tenn., Dec. 16, 2024 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that CoreCivic’s Board of Directors (the “Board”) has appointed Patrick Swindle, who currently serves as CoreCivic’s Executive Vice President and Chief Operating Officer, to President and Chief Operating Officer, effective January 1, 2025.
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 “Outperform.” The predicted price for CXW in the upcoming period, according to Wedbush is $30 based on the research report published on December 10, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see CXW reach a price target of $14, previously predicting the price at $19. The rating they have provided for CXW stocks is “Neutral” according to the report published on June 11th, 2024.
Northland Capital gave a rating of “Outperform” to CXW, setting the target price at $16 in the report published on October 19th of the previous year.
CXW Trading at 12.54% 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 -15.97% of loss for the given period.
Volatility was left at 4.56%, however, over the last 30 days, the volatility rate increased by 3.91%, as shares sank -2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.09% upper at present.
During the last 5 trading sessions, CXW fell by -4.63%, which changed the moving average for the period of 200-days by +42.28% in comparison to the 20-day moving average, which settled at $21.75. In addition, CoreCivic Inc saw 44.53% 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 MARSHALL THURGOOD JR, who sale 5,000 shares at the price of $21.37 back on Dec 09 ’24. After this action, MARSHALL THURGOOD JR now owns 41,925 shares of CoreCivic Inc, valued at $106,850 using the latest closing price.
Hylton Stacia, the Director of CoreCivic Inc, sale 1,800 shares at $21.37 during a trade that took place back on Dec 09 ’24, which means that Hylton Stacia is holding 78,871 shares at $38,466 based on the most recent closing price.
Stock Fundamentals for CXW
Current profitability levels for the company are sitting at:
- 0.1 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 0.08. 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 2.94.
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 1.62. 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
In summary, CoreCivic Inc (CXW) has had a mixed 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.
