This is why CoreCivic Inc (CXW) Stock is one of the options for the Longer run

CoreCivic Inc [CXW] stock is trading at $21.80, up 1.54%. 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 gain 1.73% over the last week, with a monthly amount glided 60.53%, and 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 [CXW] stock has fluctuated between $10.74 and $24.99 over the past year. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. CoreCivic Inc [NYSE: CXW] shares were valued at $21.80 at the most recent close of the market. An investor can expect a potential drop of -28.9% based on the average CXW price forecast.

Analyzing the CXW fundamentals

CoreCivic Inc [NYSE:CXW] reported sales of 1.97B for the trailing twelve months, which represents a growth of 1.62%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.

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 21.38 points at the first support level, and at 20.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.05, and for the 2nd resistance point, it is at 22.31.

Ratios To Look Out For

For context, CoreCivic Inc’s Current Ratio is 1.51. Further, the Quick Ratio stands at 1.51, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 32.17.

Transactions by insiders

Recent insider trading involved Churchill David K, Chief Human Resources Officer, that happened on Nov 19 ’24 when 34301.0 shares were sold. Director, Lappin Harley G. completed a deal on Nov 11 ’24 to buy 35000.0 shares. Meanwhile, Officer Churchill David K bought 34301.0 shares on Nov 19 ’24.

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