CoreCivic Inc (CXW)’s Market Momentum: Closing Strong at 15.56, Up 0.45

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As of close of business last night, CoreCivic Inc’s stock clocked out at $15.56, up 0.45% from its previous closing price of $15.49. In other words, the price has increased by $0.45 from its previous closing price. On the day, 0.75 million shares were traded. CXW stock price reached its highest trading level at $15.63 during the session, while it also had its lowest trading level at $15.355.

Ratios:

To gain a deeper understanding of CXW’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.68.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on October 19, 2023, initiated with a Outperform rating and assigned the stock a target price of $16.

On April 14, 2022, Wedbush Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $17.

On June 18, 2021, Wedbush started tracking the stock assigning a Neutral rating and target price of $10.85.Wedbush initiated its Neutral rating on June 18, 2021, with a $10.85 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 14 ’24 when Swindle, Patrick D. sold 15,000 shares for $14.60 per share. The transaction valued at 218,937 led to the insider holds 218,504 shares of the business.

Hininger Damon T sold 50,525 shares of CXW for $738,676 on Mar 08 ’24. The President & CEO now owns 820,262 shares after completing the transaction at $14.62 per share. On Feb 26 ’24, another insider, Grande Anthony L, who serves as the EVP, Chief Development Officer of the company, sold 15,000 shares for $14.50 each. As a result, the insider received 217,509 and left with 186,692 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 1731158912 and an Enterprise Value of 2748377600. As of this moment, CoreCivic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.44, and their Forward P/E ratio for the next fiscal year is 18.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 1.417 whereas that against EBITDA is 8.768.

Stock Price History:

Over the past 52 weeks, CXW has reached a high of $16.24, while it has fallen to a 52-week low of $8.27. The 50-Day Moving Average of the stock is 2.36%, while the 200-Day Moving Average is calculated to be 17.51%.

Shares Statistics:

It appears that CXW traded 853.42K shares on average per day over the past three months and 722300 shares per day over the past ten days. A total of 112.73M shares are outstanding, with a floating share count of 109.02M. Insiders hold about 2.34% of the company’s shares, while institutions hold 84.58% stake in the company. Shares short for CXW as of 1714435200 were 4081323 with a Short Ratio of 4.78, compared to 1711584000 on 4040793. Therefore, it implies a Short% of Shares Outstanding of 4081323 and a Short% of Float of 5.29.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 9.64.

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