In yesterday’s Wall Street session, Geo Group, Inc. (NYSE:GEO) shares traded at $17.22, down -4.12% from the previous session.
GEO stock price is now 22.40% away from the 50-day moving average and 43.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2.35B.
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With the price target of $14, Northland Capital recently initiated with Outperform rating for Geo Group, Inc. (NYSE: GEO). On November 29, 2022, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $10 to quote $14, while ‘Noble Capital Markets’ rates the stock as ‘Outperform’
In other news, March Shayn P., EVP of Finance and Treasurer sold 2,500 shares of the company’s stock on Jul 15 ’24. The stock was sold for $43,750 at an average price of $17.50. Upon completion of the transaction, the EVP of Finance and Treasurer now directly owns 65,330 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, Director KERNAN SCOTT MICHAEL sold 5,300 shares of the business’s stock. A total of $72,173 was realized by selling the stock at an average price of $13.62. This leaves the insider owning 23,936 shares of the company worth $0.41 million. A total of 5.10% of the company’s stock is owned by insiders.
During the past 12 months, Geo Group, Inc. has had a low of $6.94 and a high of $18.01. According to the stock market information, the enterprise value for the company is $4029812992, which is based on a 25.50 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for GEO is $14.1218 and a two-hundred day moving average price translates $12.2519 for the stock.
The latest earnings results from Geo Group, Inc. (NYSE: GEO) was released for 2024-03-31. The net profit margin was 3.79% and return on equity was 7.28% for GEO. The company reported revenue of $605.67 million for the quarter, compared to $608.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.42 percent.
