CoreCivic stock: buy or sell?

CXW stock price: $17.46 -2.62% At close on July 16th, 2019

Updated on:
July 16th, 2019

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CoreCivic dropped a terrifying -2.62% and closed at $17.46. With Tuesday it's been 5 red days in a row. On Thursday CXW plunged a frightening -6.32%.

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in cost-effective ways.

Should I buy CoreCivic stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, CoreCivic stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CXW will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is CoreCivic stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't find any rating for CXW stock for the last 30 days.

CoreCivic stock analysis

Daily outlook

Shares of CoreCivic ended today at $17.46 and dropped a terrifying -2.62%.

CoreCivic shares dropped -2.62% to $17.46 today. Since SMA100d and SMA200d crossed up on June 26th, CXW price slid a -17.49%.

CXW stock chart (daily)

Weekly outlook

After sliding a dreadful -11.44% in a week last week, CoreCivic closed this week at $17.46 and dropped a horrible -3.96%. This was the 5th red week in a row, sliding in full a -26.19%.

CoreCivic shares fell through the support line what triggered further losses. Since last week, when CXW stock price broke down the 40-weeks moving avarage line, it slid $-2.80 per share (-13.82%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since SMA20w and SMA40w crossed up by mid June, CXW price slid a -21.70%.

CXW stock chart (weekly)

CoreCivic stock price history

CoreCivic IPO was on July 15th, 1997 at $14.02 per share1. Since then, CXW stock grew a 24.50%, with an average of 1.10% per year. If you had invested right after CXW's IPO a $1,000 in CoreCivic stock in 1997, it would worth $245.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CoreCivic stock historical price chart

CXW stock reached 52-week highs on August at $23.94, and all-time highs 2015-03-23 with a price of 29.99.

CoreCivic stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price target for CoreCivic stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, CoreCivic was in line with the estimates of the analysts and reported an EPS of $0.63 per share. As soon as we get its posted EPS from the earnings report, we will extend this review.
CXW earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.43n/a
2017-Q2-n/a0.38n/a
2017-Q32017-11-080.330.356.1%
2017-Q42018-02-140.550.561.8%
2018-Q12018-05-020.520.531.9%
2018-Q22018-08-080.560.571.8%
2018-Q32018-11-050.590.58-1.7%
2018-Q42019-02-190.620.631.6%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, CoreCivic annual turnover inched a good 3.98% to $1,835.77 M USD from $1,765.50 marked in 2017. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) depreciated a -1.41% to 8.67%.

CXW annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,690 M-$305 M18.0%-
2014$1,647 M-2.55%$195 M11.8%-35.97%
2015$1,793 M8.88%$222 M12.4%13.76%
2016$1,850 M3.16%$220 M11.9%-0.87%
2017$1,766 M-4.56%$178 M10.1%-19.04%
2018$1,836 M3.98%$159 M8.7%-10.58%

Quarterly financial results

CoreCivic reported $482.19 M in revenues for 2018-Q4, a 4.21% up compared to previous quarter. Reported quarter earnings marked $41.24 M with a profit margin of 8.55%. Profit margin remained steady a -0.31% compared to previous quarter when profit margin was 8.86%. When comparing sales to same quarter last year, CoreCivic sales marked an impressive growth and rose a 9.45%. Looking back to recent quarterly results, CoreCivic posted 4 negative quarters in a row.
CXW quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$446 M-$50 M11.2%-
2017-Q2$436 M-2.08%$45 M10.4%-9.13%
2017-Q3$443 M1.48%$41 M9.3%-9.46%
2017-Q4$441 M-0.51%$41 M9.4%0.39%
2018-Q1$441 M0.08%$38 M8.6%-8.62%
2018-Q2$450 M2.04%$39 M8.7%3.76%
2018-Q3$463 M2.84%$41 M8.9%4.58%
2018-Q4$482 M4.21%$41 M8.6%0.60%

CoreCivic ownership

When you are planning to buy shares of a company, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For CoreCivic, 0.95% of all outstanding shares are owned by its staff.

Bearish positions for CXW stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to CoreCivic:

CXWGEO
Market cap$2.1 B$2.3 B
Total shares119.1 M121.2 M
Float shares118.1 M116.6 M
  - Institutional holdings (%)82.6%88.8%
  - Insider holdings (%)0.9%2.7%
Shares in short selling0.0%0.0%

CoreCivic summary

Tuesday, July 16th, 2019
Open$17.91
Close$17.46
Day range$17.39 - $17.99
Previous close$17.93
Session gain-2.62%
Average true range$0.65
50d mov avg$21.20
100d mov avg$20.37
200d mov avg$20.14
Daily patternlt02c
Weekly pattern lt06c

CoreCivic performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For CoreCivic, the benchmark is made against Array.
Stock3m6m12m
CXWCoreCivic-13.65%-6.38%-22.57%
GEOGeo-2.78%-11.54%-22.97%

CoreCivic competitors

Defining a list of competitors for CoreCivic it's a hard job. We selected just one public company that in our opinion is related to and can be considered CoreCivic competitor: