Is this a Prime Time To acquire CoreCivic Inc. (CXW) stock

In the latest session, CoreCivic Inc. (NYSE: CXW) closed at $8.81 down -0.34% from its previous closing price of $8.84. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 677205 shares were traded.

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For a deeper understanding of CoreCivic Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.77.

Upgrades & Downgrades

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 03 when MARSHALL THURGOOD JR sold 17,153 shares for $9.90 per share. The transaction valued at 169,815 led to the insider holds 37,678 shares of the business.

Swindle, Patrick D. sold 35,000 shares of CXW for $335,650 on Mar 02. The Chief Operating Officer now owns 202,695 shares after completing the transaction at $9.59 per share. On Feb 15, another insider, GARFINKLE DAVID, who serves as the EVP & Chief Financial Officer of the company, sold 7,500 shares for $10.66 each. As a result, the insider received 79,961 and left with 316,687 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CXW now has a Market Capitalization of 999.90M and an Enterprise Value of 2.05B. As of this moment, CoreCivic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.91, and their Forward P/E ratio for the next fiscal year is 11.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 1.11 whereas that against EBITDA is 5.57.

Stock Price History:

Over the past 52 weeks, CXW has reached a high of $13.51, while it has fallen to a 52-week low of $7.84. The 50-Day Moving Average of the stock is 9.05, while the 200-Day Moving Average is calculated to be 10.18.

Shares Statistics:

For the past three months, CXW has traded an average of 998.06K shares per day and 971.28k over the past ten days. A total of 114.53M shares are outstanding, with a floating share count of 113.21M. Insiders hold about 1.60% of the company’s shares, while institutions hold 83.50% stake in the company. Shares short for CXW as of Apr 27, 2023 were 1.92M with a Short Ratio of 1.92M, compared to 2.21M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.69% and a Short% of Float of 2.41%.

Dividends & Splits

The current Payout Ratio is 0.00% for CXW, which recently paid a dividend on Apr 14, 2020 with an ex-dividend date of Mar 30, 2020. Stock splits for the company last occurred on Jul 08, 2007 when the company split stock in a 2:1 ratio.

Earnings Estimates

There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.1, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.12, with high estimates of $0.13 and low estimates of $0.11.

Analysts are recommending an EPS of between $0.52 and $0.47 for the fiscal current year, implying an average EPS of $0.5. EPS for the following year is $0.78, with 2 analysts recommending between $0.81 and $0.75.

Revenue Estimates

A total of 3 analysts believe the company’s revenue will be $467.46M this quarter.It ranges from a high estimate of $476.75M to a low estimate of $462.58M. As of the current estimate, CoreCivic Inc.’s year-ago sales were $456.7M, an estimated increase of 2.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $473.05M, an increase of 2.50% over than the figure of $2.40% in the same quarter last year. There is a high estimate of $476.67M for the next quarter, whereas the lowest estimate is $470.45M.

A total of 3 analysts have provided revenue estimates for CXW’s current fiscal year. The highest revenue estimate was $1.91B, while the lowest revenue estimate was $1.88B, resulting in an average revenue estimate of $1.89B. In the same quarter a year ago, actual revenue was $1.85B, up 2.30% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $2B in the next fiscal year. The high estimate is $2.05B and the low estimate is $1.95B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.