CoreCivic Inc. [CXW] Is Still Undervalued at $7.74

Over the past three months, CoreCivic Inc. [CXW] ended the trading day at $7.74 and exhibited a change of 1.98% with a 24 hour trading and reached upto the volume of 1.88M compared to its recorded trading volume of 0.47 million. CXW generated a 1 year amount change with -49.57%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 7.05% with an amount shift of 22.82% over the last month.

On 4, November 2020, CoreCivic Reports Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third quarter of 2020.

Analyst Birdseye View:

The most recent analyst activity for CoreCivic Inc. [NYSE:CXW] stock was on February 10, 2017, when it was Reiterated with a Buy rating from Canaccord Genuity, which also raised its 12-month price target on the stock from $30 to $34. Before that, on March 16, 2020, Noble Capital Markets Recapitulated an Outperform rating and elevated its amount target to $20. On December 12, 2016, Canaccord Genuity Upgrade a Buy rating and boosted its price target on this stock from $22 to $28. On November 11, 2016, Canaccord Genuity Reiterated a Hold rating and increased its price target from $17 to $22. On October 20, 2016, Canaccord Genuity Reiterated a Hold rating and decreased its price target to $17. On October 12, 2016, SunTrust Upgrade a Buy rating and boosted its amount on this stock to $20. On September 01, 2016, SunTrust Reiterated a Neutral rating and decreased its target amount on this stock from $34 to $20. On August 24, 2016 Canaccord Genuity Reiterated a Hold rating and elevated its amount target to $21.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.76 and a peak of $17.90. Right now, according to Wall Street analyst the average 12-month amount target is $15.30. At the most recent market close, shares of CoreCivic Inc. [NYSE:CXW] were valued at $7.74.

FUNDAMENTAL ANALYSIS

CoreCivic Inc. [NYSE:CXW] most recently reported quarterly sales of 468.27 billion, which represented growth of -7.90%. This publicly-traded organization’s revenue is $140,724 per employee, while its income is $13,420 per employee. This company’s Gross Margin is currently 26.10%, its Operating Margin is 10.80%, its Pretax Margin is +9.93, and its Net Margin is +9.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.06, 13.53, 5.98 and 5.74 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 59.87 and the whole liability to whole assets at 53.95. It shows enduring liability to the whole principal at 57.92 and enduring liability to assets at 0.52 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 7.44 points at 1st support level, the second support level is making up to 7.28. But as of 1st resistance point, this stock is sitting at 7.89 and at 8.18 for 2nd resistance point.

CoreCivic Inc. [CXW] reported its earnings at $0.22 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.22/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.18 calling estimates for $0.18/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for CoreCivic Inc. [NYSE:CXW] is 1.90. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.05, it’s amount to book ratio is 1.50 and showing 7.37 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by MARSHALL THURGOOD JR, Director, and it was the sale of 13497.0 shares on Aug 24. Churchill David K, the Chief Human Resources, completed a sale of 4723.0 shares on Feb 24. On Dec 23, Lappin Harley G., Director, completed a sale of 3668.0 shares.