Geo Group Inc. (NYSE:GEO) saw an upside of 6.75% to $8.07 after adding $0.51 on Wednesday. The 5-day average trading volume is 1,271,584 shares of the company’s common stock. It has gained $8.16 in the past week and touched a new high 3 times within the past 5 days. An average of 2,003,241 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,029,276.
GEO’s 1-month performance is 14.96% or $1.10 on its low of $6.95 reached on 08/28/23. The company’s shares have touched a 52-week low of $6.94 and high of $12.44, with the stock’s rally to the 52-week high happening on 02/13/23. YTD, GEO has lost -26.30% or -$2.90 and has reached a new high 8 times. However, the current price is down -35.15% from the 52-week high price.
Insider Transactions
GEO stock investors last saw insider trading activity on Jun 12.KERNAN SCOTT MICHAEL (Director) most recently sold 4,800 shares at $7.50 per share on Jun 12. This transaction cost the insider $36,013. SVP & Pres, Secure Services, Black James H., sold 12,837 shares at a price of $8.36 on May 17. Then, on Dec 12, SVP & Pres, Secure Services Black James H. sold 3,000 shares at a price of $10.99 per share. This transaction amounted to $32,970.
Valuation Metrics
GEO stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 0.82, with the price to cash flow ratio at 6.70.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.57, while the total debt to equity was 1.61. In terms of profitability, the gross margin trailing 12 months is 23.88%. The firm’s gross profit as reported stood at $713.0 million against revenue of $2.38 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -81.7% to $29.57 million, while revenue of $28.0 million was 5.31% off the previous quarter. Analysts expected GEO to announce $0.2 per share in earnings in its latest quarter, but it posted $0.24, representing a 20.00% surprise. EBITDA for the quarter stood at more than $127.05 million. GEO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.44 billion, with total debt at $1.99 billion. Shareholders hold equity totaling $126.1 million.
Let’s look briefly at Geo Group Inc. (GEO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 73.70% to suggest the stock is trending Overbought, with historical volatility in this time period at 37.75%.
The stock’s 5-day moving average is $7.68, reflecting a +7.62% or $0.57 change from its current price. GEO is currently trading +13.70% above its 20-day SMA, +11.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.27% and SMA200 by-30.24%.
Stochastic %K and %D was 73.12% and 71.12% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 68.27%, while the 14-day stochastic is at 90.43% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Geo Group Inc. (NYSE: GEO), Wedbush upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for GEO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GEO 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 GEO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.50 and a high of $15.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Geo Group Inc. (GEO) stock is $14.17.
