In yesterday’s Wall Street session, CoreCivic Inc (NYSE:CXW) shares traded at $22.08, up 25.60% from the previous session.
CXW stock price is now 63.51% away from the 50-day moving average and 56.22% away from the 200-day moving average. The market capitalization of the company currently stands at $2.43B.
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With the price target reduced from $19 to $14, Wedbush Downgraded its rating from Outperform to Neutral for CoreCivic Inc (NYSE: CXW). On October 19, 2023, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Carter, Cole G., EVP,General Counsel, Secretary sold 8,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $111,840 at an average price of $13.98. Upon completion of the transaction, the EVP,General Counsel, Secretary now directly owns 199,847 shares in the company, valued at $4.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Officer Carter, Cole G. bought 8,000 shares of the business’s stock. A total of $110,000 was incurred on buying the stock at an average price of $13.75. A total of 2.68% of the company’s stock is owned by insiders.
During the past 12 months, CoreCivic Inc has had a low of $10.74 and a high of $18.24. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.51, and a quick ratio of 1.44. According to the stock market information, the enterprise value for the company is $3318696704, which is based on a 32.64 price-to-earnings ratio, a 5.44 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for CXW is $13.3382 and a two-hundred day moving average price translates $14.0986 for the stock.
The latest earnings results from CoreCivic Inc (NYSE: CXW) was released for 2024-09-30. The net profit margin was 3.85% and return on equity was 5.18% for CXW. The company reported revenue of $490.11 million for the quarter, compared to $463.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.7 percent.
