CoreCivic Inc (CXW) 20 Days SMA touches -9.26%: The odds favor the bear

On Tuesday, CoreCivic Inc (NYSE: CXW) was -1.43% drop from the session before settling in for the closing price of $12.61. A 52-week range for CXW has been $9.94 – $16.54.

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Industrials Sector giant saw their annual sales surged by 0.74% over the last five years. When this article was written, the company’s average yearly earnings per share was at -26.10%. With a float of $107.51 million, this company’s outstanding shares have now reached $112.73 million.

The firm has a total of 11194 workers. Let’s measure their productivity.

CoreCivic Inc (CXW) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward CoreCivic Inc stocks. The insider ownership of CoreCivic Inc is 2.51%, while institutional ownership is 88.42%. The most recent insider transaction that took place on Aug 14 ’24, was worth 397,018. Before that another transaction happened on Aug 12 ’24, when Company’s Officer proposed sale 35,000 for $12.52, making the entire transaction worth $438,140.

CoreCivic Inc (CXW) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -26.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to -15.16% drop over the previous five years of trading.

CoreCivic Inc (NYSE: CXW) Trading Performance Indicators

You can see what CoreCivic Inc (CXW) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70. Likewise, its price to free cash flow for the trailing twelve months is 8.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.61, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.59 in one year’s time.

Technical Analysis of CoreCivic Inc (CXW)

Analysing the last 5-days average volume posted by the [CoreCivic Inc, CXW], we can find that recorded value of 0.99 million was better than the volume posted last year of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 27.90%. Additionally, its Average True Range was 0.56.

During the past 100 days, CoreCivic Inc’s (CXW) raw stochastic average was set at 29.14%, which indicates a significant increase from 20.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.10% in the past 14 days, which was lower than the 49.66% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.36, while its 200-day Moving Average is $14.28. Now, the first resistance to watch is $12.58. This is followed by the second major resistance level at $12.73. The third major resistance level sits at $12.88. If the price goes on to break the first support level at $12.28, it is likely to go to the next support level at $12.13. Should the price break the second support level, the third support level stands at $11.98.

CoreCivic Inc (NYSE: CXW) Key Stats

There are 111,257K outstanding shares of the company, which has a market capitalization of 1.37 billion. As of now, sales total 1,897 M while income totals 67,590 K. Its latest quarter income was 490,110 K while its last quarter net income were 18,950 K.