In the last trading session, 1,040,000,000 shares of the CoreCivic, Inc. (NYSE:CXW) were traded, and its beta was 1.4. Most recently the company’s share price was $9.08, and it changed around $0.11 or 0.01% from the last close, which brings the market valuation of the company to $1.09 Billion. CXW currently trades at a discount to its 52-week high of $14.44, offering almost -59.03% off that amount. The share price’s 52-week low was $5.76, which indicates that the current value has risen by an impressive 36.56% since then. We note from CoreCivic, Inc.’s average daily trading volume that its 10-day average is 1.33 Million shares, with the 3-month average coming to 2.68 Million.
CoreCivic, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CXW as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. CoreCivic, Inc. is expected to report earnings per share of $0.21 for the current quarter.
CoreCivic, Inc. (NYSE:CXW): Trading Information
Instantly CXW has showed a green trend with a performance of 1.23% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $9.24- on Tuesday, Apr 06 increased the stock’s daily price by 1.73%. The company’s shares are currently up 0.39% year-to-date, but still down -0.0033 over the last five days. On the other hand, CoreCivic, Inc. (NYSE:CXW) is 0.17% up in the 30-day period. We can see from the shorts that 8.57 Million shares have been sold at a short interest cover period of 3.2 day (s).
The consensus price target as assigned by Wall Street analysts is $15.3, which translates to bears needing to increase their stock price by 68.5% from its current value. Analyst projections state that CXW is forecast to be at a low of $15 and a high of $15.6. In order for the stock price to hit the forecast high, the stock would need to surge +71.81% from its current level, while the stock would need to crash 65.2% from its current level to reach the projected low.
CoreCivic, Inc. (CXW) projections and forecasts
CoreCivic, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +9.27 percent over the past six months and at a 15.56% annual growth rate that is well above the industry average of 5.2%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -22.2% in revenue this quarter, and will report an increase of 27.8% in the next quarter. The year-over-year growth rate is expected to be 0.4%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $470.24 Million in revenue for the current quarter. 2 analysts expect CoreCivic, Inc. to make $476.05 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $491.1 Million and $472.64 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.2%. Forecasts for the next quarter put sales growth at 0.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25%. CoreCivic, Inc. earnings are expected to decrease by -71.7% in 2021, but the outlook is positive 6% per year for the next five years.
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CoreCivic, Inc. (NYSE:CXW)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.27% of CoreCivic, Inc. shares, and 74.53% of them are in the hands of institutional investors. The stock currently has a share float of 75.49%. CoreCivic, Inc. stock is held by 314 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 15.41% of the shares, which is about 18.54 Million shares worth $121.41 Million.
Vanguard Group, Inc. (The), with 11.55% or 13.89 Million shares worth $90.96 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 8011689 shares worth $57.52 Million, making up 6.66% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 5.28 Million shares worth around $33.83 Million, which represents about 4.39% of the total shares outstanding.