The trading price of The GEO Group Inc. (NYSE:GEO) closed higher on Tuesday, July 20, closing at $6.71, 3.23% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.46 and $6.80. The company’s P/E ratio in the trailing 12-month period was 5.82, while its 5Y monthly beta was 0.71. In examining the 52-week price action we see that the stock hit a 52-week high of $11.95 and a 52-week low of $4.96. Over the past month, the stock has lost -11.94% in value.
The GEO Group Inc., whose market valuation is $847.14 million at the time of this writing, is expected to release its quarterly earnings report Aug 04, 2021 – Aug 09, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.28 per share this quarter, however they have predicted annual earnings per share of $1.24 for 2021 and $1.64 for 2022. It means analysts are expecting annual earnings per share growth of 3.30% this year and 32.30% next year.
Analysts have forecast the company to bring in revenue of $561.18 million for the current quarter, with the likely lows of $559.3 million and highs of $563 million. The average estimate suggests sales will likely down by -4.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $2.25 billion. The company’s revenue is forecast to drop by -4.30% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of The GEO Group Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GEO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GEO a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged The GEO Group Inc. (GEO) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.39, which symbolizes a positive outlook. A quick review shows that GEO’s price is currently -5.33% off the SMA20 and 1.93% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.33, and weekly volatility stands at 4.68%. When measured over the past 30 days, the indicator reaches 4.32%. The GEO Group Inc. (NYSE:GEO)’s beta value is currently sitting at 0.75, while the Average True Range indicator is currently displaying 0.39. With analysts defining $8.25-$15.00 as the low and high price targets, we arrive at a consensus price target of $12.75 for the trailing 12-month period. The current price is about -22.95% off the estimated low and -123.55% off the forecast high, based on this estimate. Investors will be thrilled if GEO’s share price rises to $15.00, which is the median consensus price. At that level, GEO’s share price would be -123.55% below current price.
To see how The GEO Group Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GEO stock’s performance was 3.23% in the latest trading, and -37.99% in the past year, while CoreCivic Inc. (CXW) has traded 4.82% on the day and positioned 13.36% higher than it was a year ago. The GEO Group Inc. has a P/E ratio of 5.82. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of The GEO Group Inc. (NYSE:GEO) indicates that the 3-month average is 7.63 million. However, this figure has increased over the past 10 days to an average of 3.32 million.
Currently, records show that 120.02 million of the company’s shares remain outstanding. The insiders hold 1.50% of outstanding shares, whereas institutions hold 78.80%. The stats also highlight that short interest as of May 27, 2021, stood at 41.73 million shares, resulting in a short ratio of 10.43 at that time. From this, we can conclude that short interest is 34.09% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 38.28 million. However, since the stock’s price has seen -24.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.