-0.1 C
New York
Friday, December 2, 2022

What Are The Chances Of CoreCivic Inc. (NYSE: CXW) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CoreCivic Inc. (CXW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.48, or -5.06%, to $9. Volume reached 64,447 shares, with price reaching a high of $9.19 and a low of $9.19. The stock was recently discussed on Yahoo Finance as it revealed that CXW: Delays in La Palma Transition & Title 42 Reversal Mask Underlying Strength.


Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

Stocks Info

As a NYSE listed company, CXW falls under the Real Estate sector while operating within the REIT – Specialty industry segment. At the end of the last regular session, the stock closed at $9.19 and fluctuated between $9.28 as its day high and $8.98 as its day low. The current market capitalization of CoreCivic Inc. is $2.24B. A total of 1.14 million shares were traded on the day, compared to an average of 1.06M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CXW has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 76,350 shares. Over the last 12 months, there were 33 BUYs and 26 SELLs from insiders. Insiders purchased 1,074,414 shares during that period but sold 446,684.

In the most recent transaction, MARSHALL THURGOOD JR sold 7,500 shares of CXW for 9.61 per share on Sep 09. After the transaction, the Director now owns 42,047 company shares. In a previous transaction on Aug 29, PRANN JOHN R JR sold 5,000 shares at 10.05 per share. CXW shares that Director owns now total 86,267.

Among the insiders who sold shares, Mayberry Lucibeth disposed of 75,000 shares on Jun 28 at a per-share price of $11.37. This resulted in the EVP, Real Estate holding 229,799 shares of CXW after the transaction. In another insider transaction, MARSHALL THURGOOD JR sold 10,000 shares at $12.98 per share on Jun 01. Company shares held by the Director now total 49,547.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CXW’s most recent ex-dividend date was 03/31/2020 when it declared a $0.44 quarterly dividend that was paid in cash on 04/15/2020. Previously, the company paid the dividend on 01/15/2020 with an ex-dividend date of 01/03/2020. The dividend was $0.44 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CXW in the last 3 months, the mean price target is $15.00 with high estimates of $15.00 and low estimates of $15.00. In terms of 52-week highs and lows, CXW has a high of $14.24 and a low of $8.23.

As of this writing, CXW has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.32. The company reported an EPS of $0.34 in the last quarter, which was -5.56% lower than expectations of $0.36.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CXW is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

292
294

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.