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Wednesday, December 6, 2023

Analyst Expects CoreCivic Inc (NYSE: CXW) To Make Big Moves

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 intact, with the stock’s consolidated last price rising by $0.02, or 0.15%, to $13.59. The CoreCivic Inc has recorded 17,246 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CXW: Operating Improvements Continue, View Credit Facility Extension, Expansion as a Positive.

Stocks Info

As a NYSE listed company, CXW falls under the Industrials sector while operating within the Security & Protection Services industry segment. At the end of the last regular session, the stock closed at $13.57 and fluctuated between $13.60 as its day high and $13.32 as its day low. The current market capitalization of CoreCivic Inc is $1.54B. A total of 0.58 million shares were traded on the day, compared to an average of 834.75K 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 4 SELL insider trades, representing the acquisition of 0 and the disposition of 92,500 shares. Over the last 12 months, there were 23 BUYs and 33 SELLs from insiders. Insiders purchased 757,258 shares during that period but sold 663,966.

In the most recent transaction, Carter, Cole G. sold 5,000 shares of CXW for 11.08 per share on Oct 16. After the transaction, the EVP,General Counsel, Secretary now owns 221,162 company shares. In a previous transaction on Sep 15, Carter, Cole G. sold 5,000 shares at 10.26 per share. CXW shares that EVP,General Counsel, Secretary owns now total 226,162.

Among the insiders who sold shares, Mayberry Lucibeth disposed of 75,000 shares on Aug 16 at a per-share price of $10.29. This resulted in the EVP, Real Estate holding 208,307 shares of CXW after the transaction. In another insider transaction, GARFINKLE DAVID sold 7,500 shares at $10.38 per share on Aug 15. Company shares held by the EVP & Chief Financial Officer now total 325,886.

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 $16.50 with high estimates of $17.00 and low estimates of $15.00. In terms of 52-week highs and lows, CXW has a high of $14.44 and a low of $7.84.

As of this writing, CXW has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.17. The company reported an EPS of $0.13 in the last quarter, which was 8.30% higher than expectations of $0.12.

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. 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 $12.84, while its Total Shareholder’s Equity was $1.37B.

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, 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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