2023 Proves to be a Successful Year for CoreCivic Stock Performance
March 17, 2023
Trending News ☀️
CORECIVIC ($NYSE:CXW): 2023 has proven to be a successful year for CoreCivic Inc. stock performance, with analysts celebrating the company’s remarkable success. This success is a result of thorough analysis of CoreCivic Inc.’s stock performance in detail. In order to fully understand the company’s success, it is important to examine the various factors that influence their stock performance. The company’s financial stability has been key in ensuring its success. CoreCivic Inc.’s strong balance sheets with cash reserves and low levels of debt have enabled it to weather any downturns in the market. Furthermore, the company’s track record of consistent and steady growth has led to an increase in investor confidence.
In addition, CoreCivic Inc.’s strategic investments have paid off in 2023. The company has been able to identify profitable opportunities as well as make well-timed moves to take advantage of opportunities when they arise. This has helped the company to increase its market share and capitalize on potential gains in the stock market. Finally, CoreCivic Inc.’s commitment to transparency and accountability has been beneficial to the company’s stock performance. The company remains committed to open communication with its shareholders and regularly releases financial statements that allow investors to track the progress of their investments in the company. This has helped to gain trust with investors and create a healthy environment for future investment. Thanks to comprehensive analysis of the company’s financial standing, strategic investments, and commitment to transparency and accountability, CoreCivic Inc. has been able to capitalize on opportunities available in the stock market and ensure a successful year for its investors.
Stock Price
On Thursday, the company’s stock opened at $9.3 and closed at $9.1, representing a drop of 3.4% from its last closing price of $9.4. This is a remarkable increase from the previous year’s stock performance, with investors having placed increasing confidence in the company’s outlook for the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corecivic. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 122.32 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corecivic. More…
| Operations | Investing | Financing |
| 153.58 | 73.04 | -375.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corecivic. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.24k | 1.81k | 12.46 |
Key Ratios Snapshot
Some of the financial key ratios for Corecivic are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.3% | -15.0% | 13.6% |
| FCF Margin | ROE | ROA |
| 3.9% | 11.0% | 4.8% |
Analysis
GoodWhale recently conducted an analysis of CORECIVIC‘s wellbeing, and the results are encouraging. According to our Risk Rating, CORECIVIC is a low risk investment with regards to both the financial and business aspects. However, we did detect two risk warnings within the income sheet and balance sheet. If you’re considering investing in CORECIVIC, we strongly recommend that you take the time to check these out. All of our reports are available on goodwhale.com and are free to view. More…
Peers
The Company operates through its subsidiaries, CoreCivic Properties and CoreCivic Communities. As of December 31, 2019, the Company owned or operated a portfolio of approximately 86,600 real estate assets with a gross book value of approximately $9.9 billion. The Company’s competitors include American Homes 4 Rent, Inland Real Estate Income Trust Inc, and Choice Properties Real Estate Investment Trust.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a real estate investment trust that acquires, renovates, leases, and manages single-family homes in the United States. As of December 31, 2020, the company owned 53,545 homes in 22 states.
– Inland Real Estate Income Trust Inc ($OTCPK:INRE)
Inland Real Estate Income Trust Inc is a real estate investment trust that focuses on generating income through investments in real estate. The company owns and operates a portfolio of properties, including office, retail, and multifamily properties. Inland Real Estate Income Trust Inc is headquartered in Oak Brook, Illinois.
– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)
Choice Properties Real Estate Investment Trust is a leading real estate investment trust in Canada. The company owns, manages and develops a diversified portfolio of commercial properties across the country. As of December 31, 2020, Choice Properties’ portfolio consisted of approximately 1,200 properties totaling approximately 178 million square feet of gross leasable area.
Summary
CoreCivic Inc. is a publicly-traded company that specializes in correctional and detention management, residential reentry services, and government real estate solutions. On the same day that their stock price peaked, however, it quickly dropped, resulting in a net gain of a few percentage points. Investors who purchased CoreCivic Inc. stocks prior to this peak, however, may still have seen a notable return on their investments. Analysts suggest that CoreCivic Inc. remains an attractive investment option for those interested in correctional management and government services sectors.
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