CoreCivic Inc (NYSE: CXW) has a higher price-to-earnings ratio of 33.89x compared to its average ratio. CXW has 36-month beta value of 1.03. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CXW is 107.49M, and currently, short sellers hold a 3.37% ratio of that float. The average trading volume of CXW on January 10, 2025 was 1.26M shares.
CXW) stock’s latest price update
The stock price of CoreCivic Inc (NYSE: CXW) has jumped by 4.79 compared to previous close of 21.92. Despite this, the company has seen a gain of 5.66% 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.
CXW’s Market Performance
CXW’s stock has risen by 5.66% in the past week, with a monthly rise of 6.74% and a quarterly rise of 80.58%. The volatility ratio for the week is 4.55% while the volatility levels for the last 30 days are 4.01% for CoreCivic Inc. The simple moving average for the past 20 days is 5.96% for CXW’s stock, with a 47.33% 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 “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 previous 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 11.48% 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 -8.08% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares surge +4.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.79% upper at present.
During the last 5 trading sessions, CXW rose by +5.66%, which changed the moving average for the period of 200-days by +42.76% in comparison to the 20-day moving average, which settled at $21.68. In addition, CoreCivic Inc saw 5.66% 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 Carter, Cole G., who sale 8,000 shares at the price of $21.77 back on Jan 02 ’25. After this action, Carter, Cole G. now owns 183,847 shares of CoreCivic Inc, valued at $174,160 using the latest closing price.
Carter, Cole G., the Officer of CoreCivic Inc, proposed sale 8,000 shares at $22.02 during a trade that took place back on Jan 02 ’25, which means that Carter, Cole G. is holding shares at $176,160 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 1.73. 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 bullish 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.
