The trading price of Geo Group, Inc (NYSE:GEO) closed lower on Monday, December 09, and closing at $28.14, -0.99% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $27.94 and $28.93. The company’s P/E ratio in the trailing 12-month period was 111.40, while its 5Y monthly beta was 0.625. In examining the 52-week price action we see that the stock hit a 52-week high of $29.86 and a 52-week low of $9.88. Over the past month, the stock has gained 15.19% in value.
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Geo Group, Inc, whose market valuation is $3.84 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GEO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
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 16. Out of them, 4 rate it a Hold, while 12 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Geo Group, Inc (GEO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, 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 11.14, which symbolizes a positive outlook. A quick review shows that GEO’s price is currently 2.02% off the SMA20 and 38.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.38, and weekly volatility stands at 5.01%. When measured over the past 30 days, the indicator reaches 5.75%. Geo Group, Inc (NYSE:GEO)’s beta value is currently sitting at 0.86, while the Average True Range indicator is currently displaying 1.45. With analysts defining $14-$14 as the low and high price targets, we arrive at a consensus price target of $14 for the trailing 12-month period. The current price is about 50.25% off the estimated low and 50.25% off the forecast high, based on this estimate. Investors will be thrilled if GEO’s share price rises to $14, which is the median consensus price. At that level, GEO’s share price would be 50.25% above current price.
To see how Geo Group, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GEO stock’s performance was -0.99% in the latest trading, and 179.17% in the past year. Geo Group, Inc has a P/E ratio of 111.40.
An evaluation of the daily trading volume of Geo Group, Inc (NYSE:GEO) indicates that the 3-month average is 3.29 million. However, this figure has increased over the past 10 days to an average of 2.94.
Currently, records show that 139.72 million of the company’s shares remain outstanding. The insiders hold 5.15% of outstanding shares, whereas institutions hold 77.93%. The stats also highlight that short interest as of 2024-11-15, stood at 8.8 million shares, resulting in a short ratio of 1.81 at that time. From this, we can conclude that short interest is 879.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 5.51 million. However, since the stock’s price has seen 159.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
