The stock of The GEO Group Inc. (NYSE:GEO) increased by $0.14 on Wednesday to $7.22, up 1.98 percent. The last five days have seen an average of 1,621,441 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$3.72. The average number of shares traded over the last 20 days was 2,134,630, while the average volume over the last 50 days totaled 1,829,064.
GEO stock dropped -2.83% since last month. On 08/25/23, the company’s shares reached a one-month low of $6.94. The stock touched a high of $12.44 on 02/13/23, after rallying from a low of $6.94 in 52 weeks. The price of GEO stock has declined by -34.06% or -$3.72 this year, reaching a new high 8 times. Still, the stock price is down -41.98% from the 52-week high.
Insider Transactions
GEO stock investors should be aware that The GEO Group Inc. (GEO) stock had its last reported insider trading activity 79 days ago on Jun 12. On Jun 12, Director KERNAN SCOTT MICHAEL sold 4,800 shares at $7.50 each. This transaction resulted in the insider making $36,013. On May 17, Black James H. sold 12,837 shares at a price of US$8.36. After the transaction, the insider now owns 0 shares. SVP & Pres, Secure Services Black James H. had earlier sold 3,000 shares on Dec 12 for $10.99 a share. The transaction was completed for $32,970.
Valuation Metrics
The GEO Group Inc. (GEO) has a trailing price-to-earnings (P/E) ratio of 7.81. Beta for the stock is 0.70. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.71, and the price-to-cash flow ratio of 6.14.
Company paid $0.25 per share in dividends, a decrease of -26.47% from $0.34 last year.
Financial Health
For the three months ended June 29, The GEO Group Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.50, and the total debt to equity ratio is 1.52. As far as profitability goes, gross margin for the trailing twelve months is 29.10% percent. The GEO Group Inc.’s operating margin stood at 14.40% for the same period. Based on annual data, it had gross profit of $713.0 million and revenue of $2.38 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GEO’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.70%.
Earnings Surprise
According to The GEO Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $593.89 million, while revenues rose by 0.96% to $608.21 million. It was predicted that The GEO Group Inc.’s quarterly earnings would be $0.24, but it ended up being $0.2. EBITDA was $127.05 million for the quarter. At the end of The GEO Group Inc.’s most recent quarter ended June 29, its liabilities totaled 2.44 billion, while its total debt was $1.99 billion. Equity owned by shareholders amounts to $126.1 million.
Technical Picture
Here’s a quick look at The GEO Group Inc.’s (GEO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 54.59%, suggesting the stock is Neutral, with a 21.38% historical volatility rate.
The stochastic %K and %D were 24.87% and 13.85% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 47.11%, the RSI (14) reading is 51.13%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.05.
Analyst Ratings
In its most recent analyst report, Wedbush raised its rating on The GEO Group Inc. (NYSE: GEO) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned The GEO Group Inc. (GEO) an Buy rating. GEO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is GEO’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.50 and $15.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for The GEO Group Inc. (GEO) is $14.17.
