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Monday, June 5, 2023

Is CoreCivic Inc. (NYSE: CXW) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for CoreCivic Inc. (CXW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.12%, to $8.54. The CoreCivic Inc. has recorded 22,188 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CoreCivic Reports First Quarter 2023 Financial Results.

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Stocks Info

CXW belongs to the Industrials sector of the NYSE while operating in the Security & Protection Services industry. At the end of the last regular session, the stock closed at $8.53 and fluctuated between $8.74 as its day high and $8.52 as its day low. The current market capitalization of CoreCivic Inc. is $945.89M. A total of 1.0 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CXW has seen 23 BUY and 12 SELL insider trades, representing the acquisition of 757,258 and the disposition of 277,010 shares. Over the last 12 months, there were 25 BUYs and 29 SELLs from insiders. Insiders purchased 766,864 shares during that period but sold 564,312.

In the most recent transaction, MARSHALL THURGOOD JR sold 17,153 shares of CXW for 9.90 per share on Mar 03. After the transaction, the Director now owns 37,678 company shares. In a previous transaction on Mar 02, Swindle, Patrick D. sold 35,000 shares at 9.59 per share. CXW shares that Chief Operating Officer owns now total 202,695.

Among the insiders who sold shares, GARFINKLE DAVID disposed of 7,500 shares on Feb 15 at a per-share price of $10.66. This resulted in the EVP & Chief Financial Officer holding 316,687 shares of CXW after the transaction. In another insider transaction, Carter, Cole G. sold 5,000 shares at $10.73 per share on Feb 15. Company shares held by the EVP,General Counsel, Secretary now total 187,250.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. CXW’s most recent ex-dividend date was 3/31/2020 when it declared a $0.44 quarterly dividend that was paid in cash on 4/15/2020. Previously, the company paid the dividend on 1/15/2020 with an ex-dividend date of 1/3/2020. The CXW stock dividend was $0.44 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CXW in the last 3 months, the mean price target is $16.08 with high estimates of $18.25 and low estimates of $15.00. In terms of 52-week highs and lows, CXW has a high of $13.80 and a low of $8.26.

As of this writing, CXW has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.14. The company reported an EPS of $0.58 in the last quarter, which was 28.90% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CXW’s latest balance sheet shows that the firm has $299.64M in Cash & Short Term Investments as of fiscal 2021. There were $1.53B in debt and $340.97M in liabilities at the time. Its Book Value Per Share was $12.46, while its Total Shareholder’s Equity was $1.37B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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.

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