CoreCivic Inc. (NYSE:CXW) finished Friday with an addition of $0.19 to close at $10.49, an upside of 1.84 percent. An average of 989,160 shares of common stock have been traded in the last five days. There was a gain of $0.97 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 637,250 shares traded, while the 50-day average volume stands at 710,006.
CXW stock has increased by 9.84% in the last month. The company shares reached their 1-month lowest point of $9.18 on 07/24/23. With the stock rallying to its 52-week high on 02/13/23, shares of the company touched a low of $7.84 and a high of $13.50 in 52 weeks. It has reached a new high 2 times so far this year and lost -9.26% or -$1.07 in price. In spite of this, the price is down -22.30% from the 52-week high.
Insider Transactions
CXW stock investors should be aware that CoreCivic Inc. (CXW) stock had its last reported insider trading activity 1 day ago on Aug 11. In this transaction, the insider spent $41,256. President & CEO, Hininger Damon T, disposed of 46,504 shares at a price of $10.37 on Aug 10. The insider now owns more than $482,465 worth of shares. Prior to that, EVP, Chief Development Officer Grande Anthony L went on to Sale 45,000 shares at $10.35 each on Aug 10. An amount of $465,899 was transacted.
Valuation Metrics
CoreCivic Inc. (CXW) has a trailing price-to-earnings (P/E) ratio of 10.61. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.64, the price-to-book (PB) ratio at 0.85, and the price-to-cash flow ratio at 17.77.
Financial Health
The quick ratio of CoreCivic Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.78 for the quarter ending June 29. CoreCivic Inc.’s EBITDA margin for the year ending June 29 is 16.47%, while its operating margin for the same period stands at 8.40%. Its gross profit as reported stood at $431.54 million compared to revenue of $1.85 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 3.60%.
Earnings Surprise
For the three-month period that ended June 29, CoreCivic Inc. had $1.06 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 $14.83 million in the quarter, while revenues of $12.4 million were grew 28.79%. The analyst consensus anticipated CoreCivic Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.13, a 8.30% surprise. For the quarter, EBITDA amounted to $70.19 million. Shareholders own equity worth $113.61 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 11 August was 70.75%, suggesting the stock is Overbought, with historical volatility in this time frame at 43.11%.
As of today, CXW’s price is $10.16 +10.19% or $0.97 from its 5-day moving average. CXW is currently trading +12.07% higher than its 20-day SMA and +17.21% higher than its 100-day SMA. However, the stock’s current price level is +21.69% above the SMA50 and +8.48% above the SMA200.
The stochastic %K and %D were 81.84% and 77.45%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 80.29% and the average true range at 0.34, the RSI (14) stands at 67.72%. The stock has reached 0.55 on the 9-day MACD Oscillator while the 14-day reading was at 0.66.
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 3 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 $14.00 and $17.00, 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 $15.33.
