CoreCivic stock: buy or sell?

CXW stock price: $17.36 0.17% At close on September 20th, 2019

Updated on:
September 20th, 2019

0

CoreCivic shares stayed stable 0.17% to $17.36 today.

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 choose your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with CoreCivic stock situation right now, hence this is not a suitable entry point.

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?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't find any rating for CXW stock for the last month.

CoreCivic stock analysis

Daily outlook

Shares of CoreCivic ended today at $17.36 and stayed steady a tight 0.17%.

CoreCivic ended today at $17.36 and stayed constant a tight 0.17%. Since SMA100d and SMA200d crossed up on June, CXW price slid a -17.96%. CXW is retaking the upward trend marking a new rising bottom heading to break out over $18.53.

CXW stock chart (daily)

Weekly outlook

CoreCivic shares eased -2.53% this week, ending at $17.36. By mid August CXW plunged a scary -5.94% in just one week. Early August CXW climbed an extraordinary 6.16% in just one week.

CoreCivic is in a glaring downtrend, marking consecutive falling peaks and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom shape and create a flat-base to reverse this downtrend. Since price and 40-weeks moving average lines crossed down early July, CXW fell $-2.90 per share (-14.31%). 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 -22.15%.

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 23.80%, with a yearly average of 1.10%. If you had invested $1,000 in CoreCivic stock in 1997, it would worth $238.00 today.

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

CoreCivic stock historical price chart

CXW stock reached 52-week highs on June at $23.87, and all-time highs 2015-03-23 with a price of 29.99.

CoreCivic stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not found any price forecast for CoreCivic stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when CoreCivic presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
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 sales gained a beatiful 3.98% to $1,835.77 M USD from $1,765.50 marked in 2017. Nevertheless, its income margin (compared to revenues) depreciated to 8.67%, that is $159.21 million.

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 posted $482.19 M in revenues for 2018-Q4, a 4.21% improvement compared to previous quarter. Reported quarter earnings marked $41.24 M with a profit margin of 8.55%. Profit margin remained constant a -0.31% compared to previous quarter when profit margin was 8.86%. When comparing sales to same quarter last year, CoreCivic sales marked a great 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 review its ownership structure.

CoreCivic shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.95% of all shares.

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$2.1 B
Total shares119.1 M121.3 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

Friday, September 20th, 2019
Open$17.43
Close$17.36
Day range$17.28 - $17.62
Previous close$17.33
Session gain0.17%
Average true range$0.46
50d mov avg$17.24
100d mov avg$19.30
200d mov avg$19.18
Daily patternlb02a
Weekly pattern lt02a

CoreCivic performance

To measure stock performance is always good to benchmark with competitors or related stocks. We compared CoreCivic against Array in the following table:
Stock3m6m12m
CXWCoreCivic-20.73%-5.50%-24.62%
GEOGeo-18.53%-3.38%-23.70%

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: