A share price of CoreCivic Inc [CXW] is currently trading at $12.98, up 6.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CXW shares have gain 14.16% over the last week, with a monthly amount drifted -13.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CoreCivic Inc [NYSE: CXW] stock has seen the most recent analyst activity on June 11, 2024, when Wedbush downgraded its rating to a Neutral and also revised its price target to $14 from $19. Previously, Northland Capital started tracking the stock with Outperform rating on October 19, 2023, and set its price target to $16. On April 14, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $17 on the stock. Wedbush started tracking the stock assigning a Neutral rating and suggested a price target of $10.85 on June 18, 2021. Noble Capital Markets initiated its recommendation with a Outperform and recommended $20 as its price target on March 16, 2020. Canaccord Genuity reiterated a Buy rating for this stock on February 10, 2017, and upped its price target to $34. In a note dated December 12, 2016, Canaccord Genuity upgraded an Buy rating on this stock and boosted its target price from $22 to $28.
CoreCivic Inc experienced fluctuations in its stock price throughout the past year between $9.06 and $16.54. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. CoreCivic Inc [NYSE: CXW] shares were valued at $12.98 at the most recent close of the market. An investor can expect a potential return of 19.41% based on the average CXW price forecast.
Analyzing the CXW fundamentals
Trailing Twelve Months sales for CoreCivic Inc [NYSE:CXW] were 1.94B which represents 9.32% growth. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 12.60 points at the first support level, and at 12.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.21, and for the 2nd resistance point, it is at 13.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CoreCivic Inc [NYSE:CXW] is 1.17. In addition, the Quick Ratio stands at 1.17 and the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 22.89.
Transactions by insiders
Recent insider trading involved Grande Anthony L, EVP, Chief Development Officer, that happened on May 21 ’24 when 15000.0 shares were sold. EVP & Chief Financial Officer, GARFINKLE DAVID completed a deal on May 21 ’24 to sell 10100.0 shares. Meanwhile, EVP & Chief Financial Officer GARFINKLE DAVID sold 19900.0 shares on May 20 ’24.
