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Saturday, June 3, 2023

Analysts Point To CoreCivic Inc. (NYSE: CXW) Growth In The Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CoreCivic Inc. (CXW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -1.23%, to $8.80. The CoreCivic Inc. has recorded 22,615 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CXW: Actions to Enhance Shareholder Value Continue; Title 42 Looks Likely to End Shortly.

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Stocks Info

CoreCivic Inc. is listed on the NYSE in the Industrials sector while operating in the Security & Protection Services industry. At the end of the last regular session, the stock closed at $8.91 and fluctuated between $9.06 as its day high and $8.85 as its day low. The current market capitalization of CoreCivic Inc. is $1.03B. A total of 0.59 million shares were traded on the day, compared to an average of 1.02M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CXW has seen 7 BUY and 10 SELL insider trades, representing the acquisition of 246,841 and the disposition of 264,510 shares. Over the last 12 months, there were 23 BUYs and 29 SELLs from insiders. Insiders purchased 757,258 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.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CXW in the last 3 months, the mean price target is $14.17 with high estimates of $17.00 and low estimates of $10.50. In terms of 52-week highs and lows, CXW has a high of $13.51 and a low of $7.84.

As of this writing, CXW has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.1. The company reported an EPS of $0.21 in the last quarter, which was 10.50% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $12.40, while its Total Shareholder’s Equity was $1.37B.

Analysts Opinion

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. Currently, 0 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.

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