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. Earlier, Yahoo Finance discussed this stock as it revealed CoreCivic Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates.
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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 $13.59 and fluctuated between $13.77 as its day high and $13.48 as its day low. The current market capitalization of CoreCivic Inc is $1.54B. A total of 0.65 million shares were traded on the day, compared to an average of 1.02M 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 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 10,000 shares. Over the last 12 months, there were 23 BUYs and 26 SELLs from insiders. Insiders purchased 757,258 shares during that period but sold 551,514.
In the most recent transaction, Carter, Cole G. sold 39,345 shares of CXW for 13.53 per share on Nov 21. After the transaction, the EVP,General Counsel, Secretary now owns 181,817 company shares. In a previous transaction on Oct 16, Carter, Cole G. sold 5,000 shares at 11.08 per share. CXW shares that EVP,General Counsel, Secretary owns now total 221,162.
Among the insiders who sold shares, Carter, Cole G. disposed of 5,000 shares on Sep 15 at a per-share price of $10.26. This resulted in the EVP,General Counsel, Secretary holding 226,162 shares of CXW after the transaction. In another insider transaction, Mayberry Lucibeth sold 75,000 shares at $10.29 per share on Aug 16. Company shares held by the EVP, Real Estate now total 208,307.
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 $16.50 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 $15.06 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
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 $1.69B 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
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, 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.
