In the last trading session, 2.78 million shares of the Geo Group, Inc (NYSE:GEO) were traded, and its beta was 0.72. Most recently the company’s share price was $26.38, and it changed around -$0.22 or -0.83% from the last close, which brings the market valuation of the company to $3.76B. GEO currently trades at a discount to its 52-week high of $27.88, offering almost -5.69% off that amount. The share price’s 52-week low was $9.34, which indicates that the current value has risen by an impressive 64.59% since then. We note from Geo Group, Inc’s average daily trading volume that its 10-day average is 8.53 million shares, with the 3-month average coming to 2.92 million.
Geo Group, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended GEO as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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Geo Group, Inc (NYSE:GEO) trade information
Instantly GEO has showed a red trend with a performance of -0.83% 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 27.54 on recent trading dayincreased the stock’s daily price by 4.21%. The company’s shares are currently up 143.58% year-to-date, but still down -0.38% over the last five days. On the other hand, Geo Group, Inc (NYSE:GEO) is 73.55% up in the 30-day period. We can see from the shorts that 5.51 million shares have been sold at a short interest cover period of 2.76 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to decrease their stock price by -88.43% from its current value. Analyst projections state that GEO is forecast to be at a low of $14 and a high of $14.
Geo Group, Inc (GEO) estimates and forecasts
Geo Group, Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 94.26 percent over the past six months and at a -12.63% annual growth rate that is well below the industry average of 19.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.73%. Geo Group, Inc earnings are expected to increase by -21.68% in 2024, but the outlook is positive 10.00% per year for the next five years.
GEO Dividends
Geo Group, Inc’s next quarterly earnings report is expected to be released in December. The average dividend yield for the past five years averaged 11.18 per year.
Geo Group, Inc (NYSE:GEO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.74% of Geo Group, Inc shares, and 79.56% of them are in the hands of institutional investors. The stock currently has a share float of 83.52%. Geo Group, Inc stock is held by 321.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.0454% of the shares, which is about 19.66 million shares worth $282.25 million.
VANGUARD GROUP INC, with 11.8811% or 14.55 million shares worth $209.0 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
