CoreCivic Inc (NYSE: CXW) is 10.87% higher on its value in year-to-date trading and has touched a low of $7.84 and a high of $15.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CXW stock was last observed hovering at around $15.68 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $16.11, the stock is 9.26% and 11.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 2.74% at the moment leaves the stock 32.20% off its SMA200. CXW registered 78.80% gain for a year compared to 6-month gain of 54.31%. The firm has a 50-day simple moving average (SMA 50) of $1.53 and a 200-day simple moving average (SMA200) of $9.79.
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The stock witnessed a 12.58% loss in the last 1 month and extending the period to 3 months gives it a 12.34%, and is 10.49% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.02% over the week and 3.07% over the month.
CoreCivic Inc (CXW) has around 11194 employees, a market worth around $1.81B and $1.90B in sales. Current P/E ratio is 27.32 and Fwd P/E is 19.77. Profit margin for the company is 3.56%. Distance from 52-week low is 105.48% and 2.55% from its 52-week high. The company has generated returns on investments over the last 12 months (2.56%).
CoreCivic Inc quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $477.47M over the same period.The EPS is expected to grow by 11.86% this year, but quarterly earnings will post 2.50% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.
281 institutions hold shares in CoreCivic Inc (CXW), with institutional investors hold 89.02% of the company’s shares. The shares outstanding are 112.73M, and float is at 109.34M with Short Float at 3.64%. Institutions hold 87.45% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.83 million shares valued at $177.2 million. The investor’s holdings represent 16.58% of the CXW Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.51 million shares valued at $117.75 million to account for 11.01% of the shares outstanding. The other top investors are River Road Asset Management, LLC which holds 9.19 million shares representing 8.09% and valued at over $86.52 million, while FMR, LLC holds 7.52% of the shares totaling 8.54 million with a market value of $80.4 million.
CoreCivic Inc (CXW) Insider Activity
The most recent transaction is an insider sale by Swindle, Patrick D., the company’s Chief Operating Officer. SEC filings show that Swindle, Patrick D. sold 15,000 shares of the company’s common stock on Mar 14 ’24 at a price of $14.60 per share for a total of $0.22 million. Following the sale, the insider now owns 0.22 million shares.
CoreCivic Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Hininger Damon T (President & CEO) sold a total of 50,525 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $14.62 per share for $0.74 million. Following the transaction, the insider now directly holds 0.82 million shares of the CXW stock.
Still, SEC filings show that on Feb 26 ’24, Grande Anthony L (EVP, Chief Development Officer) disposed off 15,000 shares at an average price of $14.50 for $0.22 million. The insider now directly holds 186,692 shares of CoreCivic Inc (CXW).
