In the latest trading session,, 0.44 million CoreCivic Inc (NYSE:CXW) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $21.98 changed hands at -$0.15 or -0.68% at last look, the market valuation stands at $2.42B. CXW’s current price is a discount, trading about -13.69% off its 52-week high of $24.99. The share price had its 52-week low at $10.74, which suggests the last value was 51.14% up since then. When we look at CoreCivic Inc’s average trading volume, we note the 10-day average is 2.69 million shares, with the 3-month average coming to 1.13 million.
Analysts gave the CoreCivic Inc (CXW) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CXW as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. CoreCivic Inc’s EPS for the current quarter is expected to be 0.1.
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CoreCivic Inc (NYSE:CXW) trade information
Instantly CXW was in red as seen in intraday trades today. With action 25.03%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 51.27%, with the 5-day performance at 25.03% in the green. However, in the 30-day time frame, CoreCivic Inc (NYSE:CXW) is 59.39% up. Looking at the short shares, we see there were 3.25 million shares sold at short interest cover period of 4.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15.5, meaning bulls need a downside of -41.81% from its recent market value. According to analyst projections, CXW’s forecast low is 14 with 17 as the target high. To hit the forecast high, the stock’s price needs a 22.66% surge from its current level, while the stock would need to tank 36.31% for it to hit the projected low.
CoreCivic Inc (CXW) estimates and forecasts
Data shows that the CoreCivic Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 47.52% over the past 6 months, a 11.56% in annual growth rate that is considerably higher than the industry average of -3.70%. Year-over-year growth is forecast to reach 2.70% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 465.17M. 4 analysts are of the opinion that CoreCivic Inc’s revenue for the current quarter will be 472.23M. The company’s revenue for the corresponding quarters a year ago was 491.25M and 500.69M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.30%. The estimates for the next quarter sales put growth at -5.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -15.16%. The 2024 estimates are for CoreCivic Inc earnings to decrease by -8.14%, but the outlook for the next 5-year period is at 6.00% per year.
CXW Dividends
CoreCivic Inc is expected to release its next quarterly earnings report on 2025-Feb-05. During the past 5 years, the average dividend yield was 9.64 per year.
CoreCivic Inc (NYSE:CXW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.80% of CoreCivic Inc shares while 87.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.79%. There are 87.19% institutions holding the CoreCivic Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 15.9374% of the shares, roughly 17.9 million CXW shares worth $232.32 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.8272% or 12.16 million shares worth $157.83 million as of 2024-06-30.
