CoreCivic Inc (NYSE: CXW) is 4.97% higher on its value in year-to-date trading and has touched a low of $10.74 and a high of $24.99 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 $22.34 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $22.82, the stock is 4.95% and 7.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 2.15% at the moment leaves the stock 45.13% off its SMA200. CXW registered 68.04% gain for a year compared to 6-month gain of 51.83%. The firm has a 50-day simple moving average (SMA 50) of $21.0682 and a 200-day simple moving average (SMA200) of $15.6874.
The stock witnessed a 3.63% loss in the last 1 month and extending the period to 3 months gives it a 66.33%, 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 4.49% over the week and 3.95% over the month.
CoreCivic Inc (CXW) has around 11194 employees, a market worth around $2.52B and $1.97B in sales. Current P/E ratio is 33.67 and Fwd P/E is 25.99. Profit margin for the company is 3.85%. Distance from 52-week low is 112.48% and -8.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.10%).
The EPS is expected to shrink by -8.14% this year
305.0 institutions hold shares in CoreCivic Inc (CXW), with institutional investors hold 92.23% of the company’s shares. The shares outstanding are 110.27M, and float is at 107.49M with Short Float at 3.31%. Institutions hold 90.72% 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 Jan 02 ’25 at a price of $21.77 per share for a total of $0.17 million. Following the sale, the insider now owns 0.18 million shares.
Still, SEC filings show that on Dec 09 ’24, MARSHALL THURGOOD JR (Director) disposed off 5,000 shares at an average price of $21.37 for $0.11 million. The insider now directly holds 41,925 shares of CoreCivic Inc (CXW).
