In the last trading session, 1.18 million shares of the CoreCivic Inc (NYSE:CXW) were traded, and its beta was 0.96. Most recently the company’s share price was $22.01, and it changed around $0.87 or 4.12% from the last close, which brings the market valuation of the company to $2.43B. CXW currently trades at a discount to its 52-week high of $24.99, offering almost -13.54% off that amount. The share price’s 52-week low was $10.74, which indicates that the current value has risen by an impressive 51.2% since then. We note from CoreCivic Inc’s average daily trading volume that its 10-day average is 2.77 million shares, with the 3-month average coming to 1.18 million.
CoreCivic Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended CXW as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. CoreCivic Inc is expected to report earnings per share of 0.1 for the current quarter.
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CoreCivic Inc (NYSE:CXW) trade information
Instantly CXW has showed a green trend with a performance of 4.12% 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 22.53 on recent trading dayincreased the stock’s daily price by 2.31%. The company’s shares are currently up 51.48% year-to-date, but still down -0.54% over the last five days. On the other hand, CoreCivic Inc (NYSE:CXW) is 60.89% up in the 30-day period. We can see from the shorts that 3.25 million shares have been sold at a short interest cover period of 4.79 day(s).
The consensus price target as assigned by Wall Street analysts is $15.5, which translates to bulls needing to decrease their stock price by -42.0% from its current value. Analyst projections state that CXW is forecast to be at a low of $14 and a high of $17.
CoreCivic Inc (CXW) estimates 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 41.63 percent over the past six months and at a 11.56% annual growth rate that is well above the industry average of -3.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -56.52% in revenue this quarter, and will report a decrease of -36.00% in the next quarter. The year-over-year growth rate is expected to be 2.68%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 465.17M in revenue for the current quarter. 4 analysts expect CoreCivic Inc to make 472.24M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 491.25M and 500.69M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.31%. Forecasts for the next quarter put sales growth at -5.68%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.16%. CoreCivic Inc earnings are expected to increase by -8.14% in 2024, but the outlook is positive 6.00% per year for the next five years.
CXW Dividends
CoreCivic Inc’s next quarterly earnings report is expected to be released in December. The average dividend yield for the past five years averaged 9.64 per year.
CoreCivic Inc (NYSE:CXW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.69% of CoreCivic Inc shares, and 90.66% of them are in the hands of institutional investors. The stock currently has a share float of 92.22%. CoreCivic Inc stock is held by 303.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.9374% of the shares, which is about 17.9 million shares worth $232.32 million.
VANGUARD GROUP INC, with 10.8272% or 12.16 million shares worth $157.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
