Time to Buy Beat-Down CoreCivic Inc. (CXW) Stock? Here is the INSIGHT

At the end of the latest market close, CoreCivic Inc. (CXW) was valued at $9.08. In that particular session, Stock kicked-off at the price of $9.00 while reaching the peak value of $9.24 and lowest value recorded on the day was $8.99. The stock current value is $7.44.

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Recently in News on April 7, 2021, CoreCivic Announces Proposed $400 Million Senior Notes Offering. CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that it intends to offer $400,000,000 aggregate principal amount of senior unsecured notes due 2026 (the “Notes”), subject to market and other customary conditions. The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its senior secured credit facilities and its other indebtedness. CoreCivic intends to use a significant amount of the net proceeds from the offering of the Notes (i) to redeem all $250 million principal amount of its outstanding 5.00% senior notes due 2022 (the “2022 Senior Notes”), including the payment of the applicable make-whole amount and accrued interest, and (ii) to otherwise repay or reduce its other indebtedness, which may include repurchasing or redeeming a portion of its $350 million principal amount of 4.625% senior notes due 2023 (the “2023 Senior Notes”). CoreCivic may use any remaining proceeds for general corporate purposes. There can be no assurance that the offering of the Notes, the redemption of the 2022 Senior Notes, or any other debt reduction will be consummated. You can read further details here


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CoreCivic Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.85 on 03/18/21, with the lowest value was $5.92 for the same time period, recorded on 01/26/21.

CoreCivic Inc. (CXW) full year performance was 1.11%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CoreCivic Inc. shares are logging -48.48% during the 52-week period from high price, and 29.17% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.76 and $14.44.

The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 4114463 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the CoreCivic Inc. (CXW) recorded performance in the market was 38.63%, having the revenues showcasing 35.52% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.12B, as it employees total of 12415 workers.

CoreCivic Inc. (CXW) in the eye of market guru’s

During the last month, 0 analysts gave the CoreCivic Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 7.56, with a change in the price was noted +1.23. In a similar fashion, CoreCivic Inc. posted a movement of +19.36% for the period of last 100 days, recording 2,457,530 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CXW is recording 1.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.26.

CoreCivic Inc. (CXW): Stocks Technical analysis and Trends

Raw Stochastic average of CoreCivic Inc. in the period of last 50 days is set at 43.17%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 2.19%. In the last 20 days, the company’s Stochastic %K was 40.50% and its Stochastic %D was recorded 52.63%.

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If we look into the earlier routines of CoreCivic Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 38.63%. Additionally, trading for the stock in the period of the last six months notably improved by 9.27%, alongside a boost of 1.11% for the period of the last 12 months. The shares increased approximately by -0.33% in the 7-day charts and went down by 17.31% in the period of the last 30 days. Common stock shares were driven by 35.52% during last recorded quarter.

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