Geo Group Inc. (NYSE:GEO) finished Friday with an addition of $0.27 to close at $8.18, an upside of 3.41 percent. An average of 2,504,220 shares of common stock have been traded in the last five days. There was a gain of $0.60 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 2,313,800 shares traded, while the 50-day average volume stands at 2,107,678.
GEO stock has increased by 11.75% in the last month. The company shares reached their 1-month lowest point of $7.01 on 09/11/23. With the stock rallying to its 52-week high on 02/13/23, shares of the company touched a low of $6.94 and a high of $12.44 in 52 weeks. It has reached a new high 8 times so far this year and lost -25.30% or -$2.77 in price. In spite of this, the price is down -34.27% from the 52-week high.
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Insider Transactions
GEO stock investors should be aware that Geo Group Inc. (GEO) stock had its last reported insider trading activity 110 days ago on Jun 12. In this transaction, the insider spent $36,013. SVP & Pres, Secure Services, Black James H., disposed of 12,837 shares at a price of $8.36 on May 17. The insider now owns more than $107,253 worth of shares. Prior to that, SVP & Pres, Secure Services Black James H. went on to Sale 3,000 shares at $10.99 each on Dec 12. An amount of $32,970 was transacted.
Valuation Metrics
Geo Group Inc. (GEO) has a trailing price-to-earnings (P/E) ratio of 8.88. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.42, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 6.80.
Financial Health
Further, the company has a long term debt to equity ratio of 1.57 and a total debt to equity ratio of 1.61 for the quarter ending June 29. Its gross profit as reported stood at $713.0 million compared to revenue of $2.38 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, Geo Group Inc.’s return on assets was 2.77%.
Earnings Surprise
For the three-month period that ended June 29, Geo Group Inc. had $1.85 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $29.57 million in the quarter, while revenues were shrunk -81.7%. The analyst consensus anticipated Geo Group Inc.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.24, a 20.00% surprise. For the quarter, EBITDA amounted to $127.05 million. Shareholders own equity worth $126.1 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Geo Group Inc. (GEO) price momentum. RSI 9-day as of the close on 29 September was 77.25%, suggesting the stock is Overbought, with historical volatility in this time frame at 25.29%.
As of today, GEO’s price is $7.81 +7.92% or $0.60 from its 5-day moving average. GEO is currently trading +12.98% higher than its 20-day SMA and -0.85% lower than its 100-day SMA. However, the stock’s current price level is +14.89% above the SMA50 and -24.82% below the SMA200.
The stochastic %K and %D were 77.66% and 72.89%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 79.93% and the average true range at 0.28, the RSI (14) stands at 71.02%. The stock has reached 0.29 on the 9-day MACD Oscillator while the 14-day reading was at 0.42.
Analyst Ratings
Wedbush upgraded Geo Group Inc. (NYSE: GEO) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Geo Group Inc. (GEO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GEO, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
