CoreCivic Inc (NYSE:CXW) saw an upside of 1.41% to close Friday at $10.79 after adding $0.15 on the day. The 5-day average trading volume is 524,740 shares of the company’s common stock. It has gained $10.90 in the past week and touched a new high 4 times within the past 5 days. An average of 620,965 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 604,886.
CXW’s 1-month performance is 4.25% or $0.55 on its low of $9.94 reached on 09/11/23. The company’s shares have touched a 52-week low of $7.84 and high of $13.50, with the stock’s rally to the 52-week high happening on 02/13/23. YTD, CXW has lost -6.66% or -$0.77 and has reached a new high 2 times. However, the current price is down -20.07% from the 52-week high price.
Insider Transactions
CXW stock investors last saw insider trading activity on Sep 15.Carter, Cole G. (EVP,General Counsel, Secretary) most recently sold 5,000 shares at $10.26 per share on Sep 15. This transaction cost the insider $51,300. EVP, Real Estate, Mayberry Lucibeth, sold 75,000 shares at a price of $10.29 on Aug 16. Then, on Aug 15, EVP & Chief Financial Officer GARFINKLE DAVID sold 7,500 shares at a price of $10.38 per share. This transaction amounted to $77,866.
Valuation Metrics
CXW stock has a beta of 0.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.66 while the price-to-book (PB) in the most recent quarter is 0.85, with the price to cash flow ratio at 11.02.
CoreCivic Inc’s quick ratio for the period ended June 29 was 1.29, with the current ratio over the same period at 1.29. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.74, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 15.85%. The trailing 12-month EBITDA margin is 16.47% while for the period ending June 29, CoreCivic Inc’s operating margin was 8.83%. The firm’s gross profit as reported stood at $431.54 million against revenue of $1.85 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 28.79% to $14.83 million, while revenue of $12.4 million was 16.39% off the previous quarter. Analysts expected CXW to announce $0.12 per share in earnings in its latest quarter, but it posted $0.13, representing a 8.30% surprise. EBITDA for the quarter stood at more than $70.19 million. CXW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.59 billion, with total debt at $1.11 billion. Shareholders hold equity totaling $113.61 million.
Let’s look briefly at CoreCivic Inc (CXW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 67.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.47%.
The stock’s 5-day moving average is $10.50, reflecting a +4.35% or $0.45 change from its current price. CXW is currently trading +5.06% above its 20-day SMA, +22.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.98% and SMA200 by-15.31%.
Stochastic %K and %D was 66.55% and 51.81% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 62.57%, while the 14-day stochastic is at 88.54% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.23 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CoreCivic Inc (NYSE: CXW), Wedbush upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CXW stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CXW as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is CXW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $17.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for CoreCivic Inc (CXW) stock is $15.33.
