The stock of Geo Group, Inc. (NYSE:GEO) last traded at $15.15, down -0.26% from the previous session.
GEO stock price is now 14.14% away from the 50-day moving average and 13.06% away from the 200-day moving average. The market capitalization of the company currently stands at $2.12B.
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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, ZOLEY GEORGE C, Executive Chairman bought 100,000 shares of the company’s stock on Aug 12 ’24. The stock was bought for $1,232,700 at an average price of $12.33. Upon completion of the transaction, the Executive Chairman now directly owns 3,900,904 shares in the company, valued at $59.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Executive Chairman ZOLEY GEORGE C bought 100,000 shares of the business’s stock. A total of $1,221,700 was incurred on buying the stock at an average price of $12.22. This leaves the insider owning 3,800,904 shares of the company worth $57.58 million. A total of 5.15% of the company’s stock is owned by insiders.
During the past 12 months, Geo Group, Inc. has had a low of $8.19 and a high of $18.05. According to the stock market information, the enterprise value for the company is $3876240384, which is based on a 66.74 price-to-earnings ratio, a 6.67 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for GEO is $13.2734 and a two-hundred day moving average price translates $13.4002 for the stock.
The latest earnings results from Geo Group, Inc. (NYSE: GEO) was released for 2024-06-30. The net profit margin was 1.41% and return on equity was 2.73% for GEO. The company reported revenue of $607.18 million for the quarter, compared to $593.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.24 percent.
