CoreCivic, Inc. (CXW) Stock: Here’s What’s Happening


CoreCivic, Inc. (CXW) is climbing in the market today. The company, one that is focused on the service industry, is currently priced at $19.19 after climbing -1.54% so far in today’s session. As it relates to service sector stocks, there are several aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding CXW:

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Mar-21-19 10:01AM Top Ranked Income Stocks to Buy for March 21st
08:24AM City That Privatized Jail Floats Bonds for New Model: Empty Beds
Mar-14-19 12:40PM What Kind Of Shareholder Owns Most CoreCivic, Inc. (NYSE:CXW) Stock?
Mar-10-19 12:00AM [$$] Investors put US prisons companies under scrutiny
Mar-06-19 03:00PM JPMorgan Chase to stop financing private prisons, including Geo Group

However, when making a decision to invest, prospective investors should look at far more than just news, especially in the ever complex service sector. Here’s what’s happening with CoreCivic, Inc..

Recent Moves From CXW

While a move up in a single session, like the move that we’re seeing from CoreCivic, Inc. might cause fear in some investors, a single session move by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to take a look at trends just a single session. In the case of CXW, here are the trends that investors have seen:

  • Past Seven Days – Throughout the past 7 days, CXW has seen a change in price amounting to 0.31%.
  • Past 30 Days – The ROI from CoreCivic, Inc. over the last 30 days comes to -11.32%.
  • Past Quarter – Throughout the last three months, the stock has produced a return that comes to 2.24%
  • Past 6 Months – In the last 6 months, we have seen a change that works out to -24.30% from the stock.
  • YTD – Since the open of this year CXW has produced a ROI of 7.63%.
  • Full Year – Lastly, throughout the past year, we’ve seen performance of -8.49% from CXW. Throughout this period, the stock has traded at a high of -26.45% and a low price of 11.83%.

Ratios To Watch

Digging into various ratios having to do with a stock can provide investors a look of just how risky and/or rewarding a an investment option may be. Below are a few of the important ratios to look at when looking at CXW.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. The higher this short ratio, the more investors believe that the value of the stock is going to head up. In general, strong service stocks can come with a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, with regard to CoreCivic, Inc., the stock’s short ratio is 1.58.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay for its debts when they come due with only quick assets or current assets. do have great quick and current ratios. As far as CXW, the quick and current ratios add up to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price of the stock. In the case of CoreCivic, Inc., the book to share value ratio works out to 11.94.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value is 0.44.

Investors Tend To Follow The Big Money

One thing that I’ve come to understand so far in my short period on Earth is that smart investors tend to follow big money players. That is to say, investors that are trying to keep the risk down will follow trades made by institutional investors and insiders. So, is big money interested in regard to CXW? Here’s the data:

  • Institutional Investors – As it stands now, institutions hold 84.30% of CXW. Nonetheless, it’s worth considering that institutional ownership has seen a move of 1.08% over the past 3 months.
  • Insider Moves – As far as insiders go, those close to the situation currently own 1.00% of the company. Insider ownership of the company has changed in the amount of -4.92% throughout the last 3 months.

How Analysts Feel About CoreCivic, Inc.

While it’s not a smart idea to blindly follow the opinions of analysts, it is a smart idea to consider their opinions in order to validate your own due diligence when it comes to making investment decisions in the service industry. Below are the most recent moves that we’ve seen from analysts with regard to CXW.

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Feb-10-17 Reiterated Canaccord Genuity Buy $30 → $34
Dec-12-16 Upgrade Canaccord Genuity Hold → Buy $22 → $28
Nov-11-16 Reiterated Canaccord Genuity Hold $17 → $22
Oct-20-16 Reiterated Canaccord Genuity Hold $21 → $17
Oct-12-16 Upgrade SunTrust Neutral → Buy $20

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $1.61. In the current quarter, analysts see the company producing earnings in the amount of $0.36. Over the last 5 years, CXW has generated revenue in the amount of $1.60% with earnings coming in at -13.30%. On a quarter over quarter basis, earnings have seen movement of -10.20% and revenue has seen movement of 9.40%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 119.11M shares of CoreCivic, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CXW has a float of 117.53M.

I also like to dig into the short percent. Think about it, if a large percentage of the float is shorted, the overall opinion among investors is that the stock is going to lose value. With regard to CXW, the short percentage of the float is currently 0.89%. Most traders believe that a concerning short percent of the float would be any percentage over 40%. However, I’ve calculated that anything over 26% is probably going to be a a play that could prove to be very risky.

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