It’s Not Over Yet For CoreCivic Inc (NYSE: CXW)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that CoreCivic Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates.

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Stocks Info

CoreCivic Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Security & Protection Services industry. At the end of the last regular session, the stock closed at $14.70 and fluctuated between $14.83 as its day high and $14.47 as its day low. The current market capitalization of CoreCivic Inc is $1.67B. A total of 0.86 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $1.69B 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

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. 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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