Corecivic Stock Price on May 1, 2024
| CXW Stock | USD 15.54 0.44 2.91% |
Below is the normalized historical share price chart for CoreCivic extending back to July 15, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of CoreCivic stands at 15.54, as last reported on the 22nd of May, with the highest price reaching 15.55 and the lowest price hitting 15.03 during the day.
If you're considering investing in CoreCivic Stock, it is important to understand the factors that can impact its price. We consider CoreCivic very steady. CoreCivic secures Sharpe Ratio (or Efficiency) of 0.0651, which signifies that the company had a 0.0651% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CoreCivic, which you can use to evaluate the volatility of the firm. Please confirm CoreCivic's Mean Deviation of 1.15, risk adjusted performance of 0.0429, and Downside Deviation of 1.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%.
Stock Based Compensation is likely to climb to about 21.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 955.3 M in 2024. . At this time, CoreCivic's Price Earnings Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 7.49 in 2024, whereas Price Book Value Ratio is likely to drop 1.06 in 2024. CoreCivic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of July 1997 | 200 Day MA 13.4665 | 50 Day MA 15.2604 | Beta 0.826 |
CoreCivic |
Sharpe Ratio = 0.0651
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| Cash | Small Risk | CXW | High Risk | Huge Risk |
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Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average CoreCivic is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CoreCivic by adding it to a well-diversified portfolio.
Price Book 1.162 | Enterprise Value Ebitda 9.4644 | Price Sales 0.9052 | Shares Float 108.8 M | Wall Street Target Price 18.75 |
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CoreCivic Valuation on May 1, 2024
It is possible to determine the worth of CoreCivic on a given historical date. On May 1, 2024 CoreCivic was worth 14.87 at the beginning of the trading date compared to the closed value of 14.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CoreCivic stock. Still, in general, we apply an absolute valuation method to find CoreCivic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CoreCivic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CoreCivic's related companies.
| Open | High | Low | Close | Volume | |
| 15.10 | 15.10 | 14.87 | 14.90 | 606,264 | |
05/01/2024 | 14.87 | 15.14 | 14.84 | 14.84 | 614,874 |
| 14.96 | 15.37 | 14.93 | 15.29 | 481,091 |
| Backtest CoreCivic | | | CoreCivic History | | | CoreCivic Valuation | Previous | Next |
CoreCivic Trading Date Momentum on May 1, 2024
| On May 02 2024 CoreCivic was traded for 15.29 at the closing time. Highest CoreCivic's price during the trading hours was 15.37 and the lowest price during the day was 14.93 . The net volume was 481.1 K. The overall trading history on the 2nd of May contributed to the next trading period price increase. The overall trading delta to the next next day price was 3.03% . The overall trading delta to current price is 4.85% . |
CoreCivic Fundamentals Correlations and Trends
By evaluating CoreCivic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CoreCivic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CoreCivic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CoreCivic Stock history
CoreCivic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CoreCivic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CoreCivic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CoreCivic stock prices may prove useful in developing a viable investing in CoreCivic
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 114.7 M | 92.7 M | |
| Net Income Applicable To Common Shares | 140.7 M | 147.1 M |
CoreCivic Quarterly Net Working Capital |
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CoreCivic Stock Technical Analysis
CoreCivic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CoreCivic Period Price Range
Low | May 1, 2024
| High |
14.87 | 14.84 |
CoreCivic May 22, 2024 Market Strength
Market strength indicators help investors to evaluate how CoreCivic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CoreCivic shares will generate the highest return on investment. By undertsting and applying CoreCivic stock market strength indicators, traders can identify CoreCivic entry and exit signals to maximize returns
CoreCivic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CoreCivic's price direction in advance. Along with the technical and fundamental analysis of CoreCivic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CoreCivic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0429 | |||
| Jensen Alpha | 0.0647 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.015 | |||
| Treynor Ratio | 0.243 |
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| Math Transform | ||
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCivic. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy CoreCivic Stock please use our How to Invest in CoreCivic guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for CoreCivic Stock analysis
When running CoreCivic's price analysis, check to measure CoreCivic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CoreCivic is operating at the current time. Most of CoreCivic's value examination focuses on studying past and present price action to predict the probability of CoreCivic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCivic's price. Additionally, you may evaluate how the addition of CoreCivic to your portfolios can decrease your overall portfolio volatility.
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Is CoreCivic's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CoreCivic. If investors know CoreCivic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CoreCivic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Earnings Share 0.56 | Revenue Per Share 17.126 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0381 |
The market value of CoreCivic is measured differently than its book value, which is the value of CoreCivic that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCivic's value that differs from its market value or its book value, called intrinsic value, which is CoreCivic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CoreCivic's market value can be influenced by many factors that don't directly affect CoreCivic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CoreCivic's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCivic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCivic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.