What CoreCivic Inc. (CXW) Insiders Are Up To


CoreCivic Inc. (NYSE:CXW) finished Friday with a subtraction of -$0.08 to close at $11.56, a downside of -0.69 percent. An average of 890,080 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,117,970 shares traded, while the 50-day average volume stands at 1,107,162.

CXW stock has decreased by -12.95% in the last month. The company shares reached their 1-month lowest point of $11.30 on 12/16/22. With the stock rallying to its 52-week high on 04/20/22, shares of the company touched a low of $8.39 and a high of $14.24 in 52 weeks. It has reached a new high 15 times so far this year and achieved 15.95% or $1.59 in price. In spite of this, the price is down -18.82% from the 52-week high.

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Insider Transactions

CXW stock investors should be aware that CoreCivic Inc. (CXW) stock had its last reported insider trading activity 15 days ago on Dec 16. In this transaction, the insider spent $22,968. EVP,General Counsel, Secretary, Carter, Cole G., disposed of 5,000 shares at a price of $11.62 on Dec 15. The insider now owns more than $58,100 worth of shares. Prior to that, EVP & Chief Financial Officer GARFINKLE DAVID went on to Sale 7,500 shares at $11.61 each on Dec 15. An amount of $87,089 was transacted.

Valuation Metrics

CoreCivic Inc. (CXW) has a trailing price-to-earnings (P/E) ratio of 10.93. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 0.96, and the price-to-cash flow ratio at 34.96.

Financial Health

The quick ratio of CoreCivic Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.92 for the quarter ending June 29. Its gross profit as reported stood at $525.55 million compared to revenue of $1.86 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CoreCivic Inc.’s return on assets was 3.70%.

Earnings Surprise

For the three-month period that ended June 29, CoreCivic Inc. had $1.11 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $68.32 million in the quarter, while revenues were grew 56.07%. The analyst consensus anticipated CoreCivic Inc.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.09, a -40.00% surprise. For the quarter, EBITDA amounted to $63.57 million. Shareholders own equity worth $114.98 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CoreCivic Inc. (CXW) price momentum. RSI 9-day as of the close on 30 December was 44.35%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.45%.

As of today, CXW’s price is $11.81 -1.28% or -$0.15 from its 5-day moving average. CXW is currently trading -12.09% lower than its 20-day SMA and +21.68% higher than its 100-day SMA. However, the stock’s current price level is +20.04% above the SMA50 and +22.98% above the SMA200.

The stochastic %K and %D were 29.09% and 38.94%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 23.64% and the average true range at 0.46, the RSI (14) stands at 47.10%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.

Analyst Ratings

Wedbush upgraded CoreCivic Inc. (NYSE: CXW) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for CoreCivic Inc. (CXW) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CXW, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is CXW’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $18.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for CoreCivic Inc. (CXW) stock is $16.00.


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