As of Friday close, CoreCivic Inc.’s (NYSE:CXW) stock was up $0.06, moving up 0.58 percent to $10.33. The average number of shares traded per day over the past five days has been 639,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.16 fall in that time frame. In the last twenty days, the average volume was 654,865, while in the previous 50 days, it was 692,170.
Since last month, CXW stock rose 11.31%. Shares of the company fell to $9.18 on 07/24/23, the lowest level in the past month. A 52-week high of $13.50 was reached on 02/13/23 after having rallying from a 52-week low of $7.84. Since the beginning of this year, CXW’s stock price has dropped by -10.64% or -$1.23, and marked a new high 2 times. However, the stock has declined by -23.48% since its 52-week high.
CXW stock investors should be aware that CoreCivic Inc. (CXW) stock had its last reported insider trading activity 3 days ago on Aug 16. Mayberry Lucibeth, the EVP, Real Estate of the company, disposed of 75,000 shares for $10.29 on Aug 16. It resulted in a $772,028 divestment by the insider. GARFINKLE DAVID sold 7,500 shares at an average price of $10.38 on Aug 15. The insider now owns 325,886 shares following the transaction. On Aug 15, EVP,General Counsel, Secretary Carter, Cole G. sold 5,000 shares at $10.34 apiece. The transaction was valued at $51,700.
Valuation Metrics
Right now, CoreCivic Inc. (CXW) has a P/E ratio of about 10.01. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 0.82, and the price-to-cash flow ratio of 10.36 may also be considered.
The latest dividend of $0.44 per share was paid out, remained unchanged from last year’s $0.44.
Financial Health
In the three months ended June 29, CoreCivic Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.74, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 22.60% percent. In the year ended June 29, EBITDA margin amounted to 16.47%, whereas operating margins totaled 8.50%. Based on annual data, CXW earned $431.54 million in gross profit and brought in $1.85 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was 8.40%.
In CoreCivic Inc.’s quarter-end financial report for June 29, it reported total debt of $1.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CXW’s revenue rose 1.51% to $458.0 million during the quarter, while net income inched up to $463.68 million. While analysts expected CoreCivic Inc. to report $0.12 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $70.19 million in EBITDA. The liabilities of CoreCivic Inc. were 1.59 billion at the end of its most recent quarter ended June 29, and its total debt was $1.07 billion. The value of shareholders’ equity is $113.61 million.
Technical Picture
This quick technical analysis looks at CoreCivic Inc.’s (CXW) price momentum. With a historical volatility rate of 42.04%, the RSI 9-day stood at 62.79% on 18 August.
With respect to its five-day moving average, the current CoreCivic Inc. price is down by -1.53% percent or -$0.16. At present, CXW shares trade +12.28% above its 20-day simple moving average and +13.64% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.20% above its SMA50 and -1.34% below its SMA200.
Stochastic coefficient K was 64.34% and Stochastic coefficient D was 65.90%, while ATR was 0.33. Given the Stochastic reading of 68.01% for the 14-day period, the RSI (14) reading has been calculated as 62.27%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at 0.22.
Analyst Ratings
Wedbush upgraded its rating on CoreCivic Inc. (NYSE: CXW) to an Outperform in a note to investors on April 14, 2022. The analysts firm previously had a Neutral rating on the stock.CoreCivic Inc. (CXW) has been rated Buy by analysts. According to 0 brokerage firms, CXW is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CoreCivic Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $14.00 – $17.00. Based on these forecasts, analysts predict CoreCivic Inc. (CXW) will achieve an average price target of $15.33.
