In last trading session, CoreCivic Inc (NYSE:CXW) saw 0.74 million shares changing hands with its beta currently measuring 1.04. Company’s recent per share price level of $22.44 trading at -$0.05 or -0.22% at ring of the bell on the day assigns it a market valuation of $2.47B. That closing price of CXW’s stock is at a discount of -11.36% from its 52-week high price of $24.99 and is indicating a premium of 52.14% from its 52-week low price of $10.74. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.3 million shares which gives us an average trading volume of 1.22 million if we extend that period to 3-months.
For CoreCivic Inc (CXW), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.
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CoreCivic Inc (NYSE:CXW) trade information
Upright in the red during last session for losing -0.22%, in the last five days CXW remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $22.44 price level, adding 3.77% to its value on the day. CoreCivic Inc’s shares saw a change of 54.44% in year-to-date performance and have moved 2.94% in past 5-day. CoreCivic Inc (NYSE:CXW) showed a performance of 56.70% in past 30-days. Number of shares sold short was 3.43 million shares which calculate 2.14 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15.5 to the stock, which implies a fall of -44.77% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 17. It follows that stock’s current price would jump 37.61% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.61% for stock’s current value.
CoreCivic Inc (CXW) estimates and forecasts
Statistics highlight that CoreCivic Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 39.81% of value to its shares in past 6 months, showing an annual growth rate of 11.56% while that of industry is -4.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.68% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 465.17M for the same. And 4 analysts are in estimates of company making revenue of 472.24M in the next quarter. Company posted 491.25M and 500.69M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.16% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -8.14% while estimates for its earnings growth in next 5 years are of 6.00%.
CoreCivic Inc (NYSE:CXW)’s Major holders
Insiders are in possession of 1.64% of company’s total shares while institution are holding 90.67 percent of that, with stock having share float percentage of 92.19%. Investors also watch the number of corporate investors in a company very closely, which is 90.67% institutions for CoreCivic Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CXW for having 17.9 million shares of worth $232.32 million. And as of 2024-06-30, it was holding 15.9374 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 12.16 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.8272 of outstanding shares, having a total worth of $157.83 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 7.5 shares of worth $167.4 million or 6.80% of the total outstanding shares. The later fund manager was in possession of 3.38 shares on Jun 30, 2024 , making its stake of worth around $75.5 million in the company or a holder of 3.07% of company’s stock.
