The GEO Group Inc. (NYSE:GEO) price on Friday, October 08, rose 5.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.20.
A look at the stock’s price movement, the level at last check in today’s session was $7.80, moving within a range at $7.7138 and $7.92. The beta value (5-Year monthly) was 0.71 while the PE ratio in trailing twelve months stood at 6.53. Turning to its 52-week performance, $11.49 and $4.96 were the 52-week high and 52-week low respectively. Overall, GEO moved 1.83% over the past month.
The GEO Group Inc.’s market cap currently stands at around $963.69 million, with investors looking forward to this quarter’s earnings report slated for Oct 27, 2021 – Nov 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.34, which has seen fiscal year 2021 EPS growth forecast to increase to $1.37 and about $1.14 for fiscal year 2022. Per the data, EPS growth is expected to be 14.20% for 2021 and -16.80% for the next financial year.
Analysts have a consensus estimate of $551.93 million for the company’s revenue for the quarter, with a low and high estimate of $550.78 million and $553 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $2.24 billion, representing a -4.90% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GEO is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend GEO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.44, with GEO’s current price about 12.48% and 8.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.41, while 7-day volatility ratio is 3.20% and 2.77% in the 30-day chart. Further, The GEO Group Inc. (GEO) has a beta value of 0.73, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $12.75, forecast between a low of $8.25 and high of $15.00. Looking at the price targets, the low is -0.61% off recent price level in today’s trading while to achieve the yearly target high, it has to move -82.93%. Nonetheless, investors will most likely welcome a -82.93% jump to $15.00 which is the analysts’ median price.
In the market, a comparison of The GEO Group Inc. (GEO) and its peers suggest the former has performed considerably stronger. Data shows GEO’s intraday price has changed 5.13% today and -31.40% over the past year. Comparatively, CoreCivic Inc. (CXW) has moved 1.45% so far today and only 13.40% in the past 12 months. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.02% and 0.06% respectively on the day as seen in early trades.
If we refocus on The GEO Group Inc. (NYSE:GEO), historical trading data shows that trading volumes averaged 2.21 million over the past 10 days and 2.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 120.43 million shares.
The 0.90% of The GEO Group Inc.’s shares are in the hands of company insiders while institutional holders own 81.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 41.73 million on May 27, 2021, giving us a short ratio of 10.43. The data shows that as of May 27, 2021 short interest in The GEO Group Inc. (GEO) stood at 34.09% of shares outstanding, with shares short rising to 38.28 million registered in Apr 29, 2021. Current price change has pushed the stock -11.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GEO stock continues to rise going into the next quarter.