Is it Right Time Pull the Trigger on The GEO Group Inc. [GEO] Stock?

The GEO Group Inc. [GEO] stock is up 2.98 while the S&P 500 has risen 0.14% on Wednesday, 12/02/20. While at the time of this article, GEO ATR is sitting at 0.44, with the beta value at 0.90. This stock’s volatility for the past week remained at 2.97%, while it was 5.04% for the past 30-day period. GEO has risen $0.29 from the previous closing price of $9.67 on volume of 1.21 million shares.

On 23, November 2020, The GEO Group Announces Decision by Federal Bureau of Prisons to Not Rebid Its Contract for Rivers Correctional Facility. According to news published on Yahoo Finance, The GEO Group, Inc. (NYSE: GEO) (“GEO”) announced today that the Federal Bureau of Prisons has decided to not rebid the contract for the company-owned, 1,450-bed Rivers Correctional Facility in North Carolina, which is set to expire on March 31, 2021. The contract for the Rivers Correctional Facility generated approximately $43 million in annualized revenues for GEO. GEO expects to market the Rivers Correctional Facility to other federal and state agencies.

Analyst Birdseye View:

The most recent analyst activity for The GEO Group Inc. [NYSE:GEO] stock was on February 15, 2019, when it was Downgrade with a Neutral rating from JP Morgan, which also raised its 12-month price target on the stock to $26. Before that, on June 29, 2020, Noble Capital Markets Recapitulated an Outperform rating and elevated its amount target to $15. On July 14, 2017, JP Morgan Initiated an Overweight rating and boosted its price target on this stock to $35. On March 08, 2017, Canaccord Genuity Reiterated a Buy rating and decreased its price target from $52 to $50. On February 24, 2017, Canaccord Genuity Reiterated a Buy rating and increased its price target to $52. On December 12, 2016, Canaccord Genuity Reiterated a Buy rating and boosted its amount target on this stock to $38. On November 11, 2016, Canaccord Genuity Reiterated a Buy rating and boosted its target amount on this stock from $29 to $35. On September 01, 2016 SunTrust Reiterated a Buy rating and elevated its amount target to $32.

In the past 52 weeks of trading, this stock has oscillated between a low of $8.00 and a peak of $18.42. Right now, the middling Wall Street analyst 12-month amount mark is $16.50. At the most recent market close, shares of The GEO Group Inc. [NYSE:GEO] were valued at $9.96. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

The GEO Group Inc. [NYSE:GEO] most recently reported quarterly sales of 579.14 billion, which represented growth of -8.30%. This publicly-traded organization’s revenue is $112,633 per employee, while its income is $7,573 per employee. This company’s Gross Margin is currently 24.00%, its Operating Margin is 10.60%, its Pretax Margin is +7.00, and its Net Margin is +6.72. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.89, 16.36, 3.90 and 4.58 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 74.21 and the whole liability to whole assets at 66.43. It shows enduring liability to the whole principal at 72.90 and enduring liability to assets at 0.65 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.54 points at 1st support level, the second support level is making up to 9.40. But as of 1st resistance point, this stock is sitting at 9.79 and at 9.90 for 2nd resistance point.

The GEO Group Inc. [GEO] reported its earnings at $0.36 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.29/share signifying the difference of 0.07 and 24.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.35 calling estimates for $0.21/share with the difference of 0.14 depicting the surprise of 66.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for The GEO Group Inc. [NYSE:GEO] is 1.20. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.80, it’s amount to book ratio is 2.02 and showing 8.32 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by FOREMAN ANNE N, Director, and it was the sale of 3500.0 shares on Aug 25. GLANTON RICHARD H, the Director, completed a sale of 2838.0 shares on Aug 10. On Jun 08, GLANTON RICHARD H, Director, completed a sale of 2100.0 shares.