CoreCivic Inc (NYSE: CXW) is -8.40% lower on its value in year-to-date trading and has touched a low of $10.74 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 $13.81 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $13.31, the stock is -2.22% and 0.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -3.62% at the moment leaves the stock -5.54% off its SMA200. CXW registered 2.38% gain for a year compared to 6-month loss of -12.78%. The firm has a 50-day simple moving average (SMA 50) of $13.27 and a 200-day simple moving average (SMA200) of $14.0913.
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The stock witnessed a 6.39% gain in the last 1 month and extending the period to 3 months gives it a 9.10%, and is -2.78% down 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 4.28% over the week and 3.08% over the month.
CoreCivic Inc (CXW) has around 11194 employees, a market worth around $1.41B and $1.97B in sales. Current P/E ratio is 21.90 and Fwd P/E is 27.59. Profit margin for the company is 3.50%. Distance from 52-week low is 23.93% and -19.53% 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 -30.17% this year.
CoreCivic Inc (CXW) Top Institutional Holders
294.0 institutions hold shares in CoreCivic Inc (CXW), with institutional investors hold 90.84% of the company’s shares. The shares outstanding are 112.73M, and float is at 107.31M with Short Float at 3.24%. Institutions hold 89.21% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.9 million shares valued at $232.32 million. The investor’s holdings represent 15.9374% of the CXW Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.16 million shares valued at $157.83 million to account for 10.8272 of the shares outstanding. The other top investors are RIVER ROAD ASSET MANAGEMENT, LLC which holds 8.57 million shares representing 7.6321% and valued at over $111.26 million, while FMR LLC holds 4.391 of the shares totaling 4.93 million with a market value of $64.01 million.
CoreCivic Inc (CXW) Insider Activity
The most recent transaction is an insider sale by Carter, Cole G., the company’s EVP,General Counsel, Secretary. SEC filings show that Carter, Cole G. sold 8,000 shares of the company’s common stock on Nov 01 ’24 at a price of $13.98 per share for a total of $0.11 million. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Oct 01 ’24, Carter, Cole G. (EVP,General Counsel, Secretary) disposed off 8,000 shares at an average price of $12.58 for $0.1 million. The insider now directly holds 207,847 shares of CoreCivic Inc (CXW).
