This is What Makes CoreCivic Inc. Stocks A Gamechanger?

At the time of writing, CoreCivic Inc. [CXW] stock is trading at $9.77, up down -0.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CXW shares have lost -0.20% over the last week, with a monthly amount drifted -11.34%, and not seem to be holding up well over a long-time horizon.

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On 5, August 2022, CXW: Delays in La Palma Transition & Title 42 Reversal Mask Underlying Strength. In a post published today on Yahoo Finance, By M. Marin.

From an analyst’s perspective:

CoreCivic Inc. [NYSE: CXW] stock has seen the most recent analyst activity on April 14, 2022, when Wedbush upgraded its rating to a Outperform but kept the price target unchanged to $17 for it. Previously, Wedbush started tracking the stock with Neutral rating on June 18, 2021, and set its price target to $10.85. On March 16, 2020, Noble Capital Markets initiated with a Outperform rating and assigned a price target of $20 on the stock. Canaccord Genuity reiterated its Buy rating and increased its price target to $34 on February 10, 2017. Canaccord Genuity upgraded its rating to a Buy and raised its price target to $28 on December 12, 2016. Canaccord Genuity reiterated a Hold rating for this stock on November 11, 2016, and upped its price target to $22. In a note dated October 20, 2016, Canaccord Genuity reiterated an Hold rating on this stock and revised its target price from $21 to $17.

For the past year, the stock price of CoreCivic Inc. fluctuated between $8.23 and $14.24. Currently, Wall Street analysts expect the stock to reach $15.00 within the next 12 months. CoreCivic Inc. [NYSE: CXW] shares were valued at $9.77 at the most recent close of the market. An investor can expect a potential return of 53.53% based on the average price forecast.

Analyzing the CXW fundamentals

According to CoreCivic Inc. [NYSE:CXW], the company’s sales were 456.7 billion in the recent quarter, which represents an -1.70% plunge. Gross Margin for this corporation currently stands at +20.98% with Operating Margin at +13.69%, Pretax Margin comes in at +4.62%, and Net Margin reading is -2.79%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.66 points at the first support level, and at 9.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.86, and for the 2nd resistance point, it is at 9.96.

CoreCivic Inc. [CXW] reported earnings per share of $0.16 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of $-0.04 and a surprise factor of -20.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.23 per share as compared to estimates of $0.23 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

It is important to note that CoreCivic Inc. [NYSE:CXW] has a current ratio of 1.10. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 0.87 and the P/E (TTM) ratio is 13.51.

Transactions by insiders

Insider trading, which has resulted in 0 insider purchases of 0 shares and 2 insider sales of 85,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Mayberry Lucibeth, EVP, Real Estate, that happened on Jun 28 when 75000.0 shares were sold. Director, MARSHALL THURGOOD JR completed a deal on Jun 01 to sell 10000.0 shares. Meanwhile, EVP, Chief Development Officer Grande Anthony L sold 20000.0 shares on May 26.