One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Corecivic Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Corecivic Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

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

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• 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, which is engaged in providing partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s principal business segments include CoreCivic Safety, CoreCivic Community and CoreCivic Properties. CoreCivic Safety segment consists of approximately 46 correctional and detention facilities. CoreCivic Community segment consists of approximately 26 residential reentry centers. CoreCivic Community also includes the operating results of its electronic monitoring and case management services. CoreCivic Properties segment consists of approximately 10 real estate properties. The Company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

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Corecivic Inc’s Stock Price as of Market Close

As of February 09, 2023, 4:00 PM CST, Corecivic Inc’s stock price was $11.40.

Corecivic Inc is up 13.1% from its previous closing price of $10.08.

During the last market session, Corecivic Inc’s stock traded between $10.00 and $10.16. Currently, there are 116.57 million shares of Corecivic Inc stock available for purchase.

Corecivic Inc’s price-earnings (P/E) ratio is currently at 9.5, which is low compared to the Business Support Services industry median of 23. 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 up 7.14% so far this month.

During the month of February, Corecivic Inc’s stock price has reached a high of $11.48 and a low of $9.99.

Over the last year, Corecivic Inc has hit prices as high as $14.24 and as low as $8.39. Year to date, Corecivic Inc’s stock is up 14.34%.

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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?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 08, 2023,, no analysts have changed their rating of Corecivic Inc’s stock over the last month.

Additionally, you'll want to evaluate Corecivic Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

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 addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 08, 2023, Corecivic Inc has a weighted four-quarter relative price strength of 0.11%, which translates to a Momentum Score of 51 and is considered to be Average.

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Corecivic Inc Stock Price: Bottom Line

As of February 9, 2023, Corecivic Inc’s stock price is $11.40, which is up 13.1% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Corecivic Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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