Geo Group, Inc (NYSE:GEO) price on Thursday, November 14, rose 2.47% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.10.
A look at the stock’s price movement, the close in the last trading session was $25.47, moving within a range at $25.73 and $27.0. The beta value (5-Year monthly) was 0.625 while the PE ratio in trailing twelve months stood at 103.33. Turning to its 52-week performance, $27.88 and $9.34 were the 52-week high and 52-week low respectively. Overall, GEO moved 71.82% over the past month.
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Geo Group, Inc’s market cap currently stands at around $3.65 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 607.45M for the company’s revenue for the quarter, with a low and high estimate of 598.72M and 615M respectively. The average forecast suggests down to a -0.14% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.42B, representing a 0.42% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GEO is a 100% Buy. 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 100% Buy category.
16 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 4 analyst(s) rate the stock as a Hold, 12 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 Buy 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 10.33, with GEO’s current price about 39.80% and 68.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.09, while 7-day volatility ratio is 6.60% and 6.02% in the 30-day chart. Further, Geo Group, Inc (GEO) has a beta value of 0.79, and an average true range (ATR) of 1.50. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $14 and high of $14. Looking at the price targets, the low is 46.36% off current price level while to achieve the yearly target high, price needs to move 46.36%. Nonetheless, investors will most likely welcome a 46.36% jump to $14 which is the analysts’ median price.
If we refocus on Geo Group, Inc (NYSE:GEO), historical trading data shows that trading volumes averaged 8.38 over the past 10 days and 2.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.63 million shares.
The 5.15% of Geo Group, Inc’s shares are in the hands of company insiders while institutional holders own 77.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.51 million on 2024-10-31, giving us a short ratio of 2.76. The data shows that as of 2024-10-31 short interest in Geo Group, Inc (GEO) stood at 552.0 of shares outstanding, with shares short rising to 5.38 million registered in 2024-09-30. Current price change has pushed the stock 141.00% 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.
