CoreCivic Inc (NYSE: CXW) is -7.64% lower on its value in year-to-date trading and has touched a low of $9.94 and a high of $16.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CXW stock was last observed hovering at around $13.05 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $13.42, the stock is 2.12% and 2.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 2.84% at the moment leaves the stock -6.08% off its SMA200. CXW registered 30.04% gain for a year compared to 6-month gain of -6.22%.
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The stock witnessed a -9.57% loss in the last 1 month and extending the period to 3 months gives it a -13.64%, and is 4.11% 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 3.94% over the week and 4.06% over the month.
CoreCivic Inc (CXW) has around 11194 employees, a market worth around $1.48B and $1.97B in sales. Current P/E ratio is 22.08 and Fwd P/E is 25.08. Profit margin for the company is 3.50%. Distance from 52-week low is 35.01% and -18.86% from its 52-week high. The company has generated returns on investments over the last 12 months (2.81%).
The EPS is expected to shrink by -26.10% this year
290.0 institutions hold shares in CoreCivic Inc (CXW), with institutional investors hold 91.10% of the company’s shares. The shares outstanding are 112.73M, and float is at 107.17M with Short Float at 4.69%. Institutions hold 89.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.63 million shares valued at $290.88 million. The investor’s holdings represent 16.5925 of the CXW Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 12.43 million shares valued at $194.06 million to account for 11.0697 of the shares outstanding. The other top investors are RIVER ROAD ASSET MANAGEMENT, LLC which holds 8.66 million shares representing 7.7103 and valued at over $135.17 million, while FMR LLC holds 4.5326 of the shares totaling 5.09 million with a market value of $79.46 million.
CoreCivic Inc (CXW) Insider Activity
The most recent transaction is an insider sale by Grande Anthony L, the company’s EVP, Chief Development Officer. SEC filings show that Grande Anthony L sold 15,000 shares of the company’s common stock on Aug 14 ’24 at a price of $12.83 per share for a total of $0.19 million. Following the sale, the insider now owns 0.15 million shares.
CoreCivic Inc disclosed in a document filed with the SEC on Aug 14 ’24 that Hininger Damon T (President & CEO) sold a total of 31,996 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $12.50 per share for $0.4 million. Following the transaction, the insider now directly holds 0.79 million shares of the CXW stock.
Still, SEC filings show that on Aug 14 ’24, Mayberry Lucibeth (EVP, Chief Innovation Officer) disposed off 40,000 shares at an average price of $12.63 for $0.51 million. The insider now directly holds 223,733 shares of CoreCivic Inc (CXW).
