Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Corecivic Inc before investing.

In this article, we go over a few key elements for understanding Corecivic Inc’s stock price such as:

• Corecivic Inc’s current stock price and volume
• Why Corecivic Inc’s stock price changed recently
• Upgrades and downgrades for CXW from analysts
• CXW’s stock price momentum as measured by its relative strength

About Corecivic Inc (CXW)

Before we jump into Corecivic Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CoreCivic, Inc. is a diversified, government-solutions company. The Company provides a broad range of solutions to government partners that serve the public good through corrections and detention management. Its segments include CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. CoreCivic Safety segment consists of approximately 43 correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by CoreCivic, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic. CoreCivic Safety also includes the operating results of its subsidiary that provides transportation services to governmental agencies, TransCor America, LLC. CoreCivic Community segment consists of the residential reentry centers that are owned, or controlled via a long-term lease, and managed by CoreCivic. CoreCivic Properties segment consists of the real estate properties owned by CoreCivic and leased to government agencies.

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Corecivic Inc’s Stock Price as of Market Close

As of September 23, 2024, 4:00 PM, CST, Corecivic Inc’s stock price was $12.94.

Corecivic Inc is up 4.61% from its previous closing price of $12.37.

During the last market session, Corecivic Inc’s stock traded between $12.32 and $12.87. Currently, there are 110.95 million shares of Corecivic Inc stock available for purchase.

Corecivic Inc’s price-earnings (P/E) ratio is currently at 20.4, which is low compared to the Business Support Services industry median of 23.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Corecivic Inc Stock Price History

Corecivic Inc’s (CXW) price is currently down 6.1% so far this month.

During the month of September, Corecivic Inc’s stock price has reached a high of $13.74 and a low of $12.13.

Over the last year, Corecivic Inc has hit prices as high as $16.54 and as low as $10.53. Year to date, Corecivic Inc’s stock is up 11.94%.

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What Caused Corecivic Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2024, there was 1 analyst who downgraded Corecivic Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Corecivic Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Corecivic Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Corecivic Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Corecivic Inc (CXW) by visiting AAII Stock Evaluator.

Relative Price Strength of Corecivic Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 20, 2024, Corecivic Inc has a weighted four-quarter relative price strength of -0.09%, which translates to a Momentum Score of 63 and is considered to be Strong.

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Corecivic Inc Stock Price: Bottom Line

As of September 23, 2024, Corecivic Inc’s stock price is $12.94, which is up 4.61% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Corecivic Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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