Market Momentum: CoreCivic Inc (CXW) Registers a -1.19 Decrease, Closing at 14.06

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CoreCivic Inc (NYSE: CXW) closed the day trading at $14.06 down -1.19% from the previous closing price of $14.23. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 0.74 million shares were traded. CXW stock price reached its highest trading level at $14.46 during the session, while it also had its lowest trading level at $13.91.

Ratios:

For a better understanding of CXW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.23. 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 the company, Wedbush on June 11, 2024, Downgraded its rating to Neutral and sets its target price to $14 from $19 previously.

On October 19, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $16.

Wedbush Upgraded its Neutral to Outperform on April 14, 2022, while the target price for the stock was maintained at $17.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 21 ’24 when Grande Anthony L sold 15,000 shares for $15.51 per share. The transaction valued at 232,650 led to the insider holds 168,380 shares of the business.

GARFINKLE DAVID sold 10,100 shares of CXW for $154,833 on May 21 ’24. The EVP & Chief Financial Officer now owns 351,528 shares after completing the transaction at $15.33 per share. On May 20 ’24, another insider, GARFINKLE DAVID, who serves as the EVP & Chief Financial Officer of the company, sold 19,900 shares for $15.18 each. As a result, the insider received 302,082 and left with 361,628 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 1564273408 and an Enterprise Value of 2600406272. As of this moment, CoreCivic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.79, and their Forward P/E ratio for the next fiscal year is 23.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.341 whereas that against EBITDA is 8.296.

Stock Price History:

Over the past 52 weeks, CXW has reached a high of $16.54, while it has fallen to a 52-week low of $9.40. The 50-Day Moving Average of the stock is 0.99%, while the 200-Day Moving Average is calculated to be -1.08%.

Shares Statistics:

Over the past 3-months, CXW traded about 988.76K shares per day on average, while over the past 10 days, CXW traded about 784260 shares per day. A total of 112.73M shares are outstanding, with a floating share count of 108.47M. Insiders hold about 2.51% of the company’s shares, while institutions hold 87.61% stake in the company. Shares short for CXW as of 1721001600 were 4729383 with a Short Ratio of 4.78, compared to 1718323200 on 5042259. Therefore, it implies a Short% of Shares Outstanding of 4729383 and a Short% of Float of 6.15.

Dividends & Splits

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

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