Geo Group, Inc (NYSE:GEO) shares, rose in value, with the stock price down by -0.85% to the previous day’s close as strong demand from buyers drove the stock to $25.68.
Actively observing the price movement in the last trading, the stock closed the session at $25.90. The PE ratio was 134.66 over 12-month period. Referring to stock’s 52-week performance, its high was $36.46, and the low was $11.50. On the whole, GEO has fluctuated by -17.08% over the past month.
With the market capitalization of Geo Group, Inc currently standing at about $3.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.66B, with a low estimate of 603.5M and a high estimate of 625.27M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 611.81M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GEO currently trading nearly -4.49% and -11.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.40, while the 7-day volatility ratio is showing 9.62% which for the 30-day chart, stands at 6.85%. Furthermore, Geo Group, Inc (GEO)’s beta value is 0.82, and its average true range (ATR) is 1.80.
A comparison of Geo Group, Inc (GEO) with its peers suggests the former has fared considerably weaker in the market. GEO showed an intraday change of -0.85% in last session, and over the past year, it grew by 112.41%%. In comparison, CoreCivic Inc. (CXW) has moved higher at 2.05%% on the day and was up 24.66% over the past 12 months.
Data on historical trading for Geo Group, Inc (NYSE:GEO) indicates that the trading volumes over the past 3 months, they’ve averaged 2.78 million. According to company’s latest data on outstanding shares, there are 140.18 million shares outstanding.
Nearly 5.42% of Geo Group, Inc’s shares belong to company insiders and institutional investors own 86.28% of the company’s shares. The stock has fallen by -8.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEO stock heading into the next quarter.
