Geo Group, Inc. (NYSE:GEO) traded at $16.15 at last check on Tuesday, April 09, made an upward move of 1.39% on its previous day’s price.
Looking at the stock we see that its previous close was $15.93 and the beta (5Y monthly) reads 0.58. The company has a trailing 12-month PE ratio of 22.52. In terms of its 52-week price range, GEO has a high of $15.95 and a low of $6.94. The company’s stock has gained about 35.38% over that past 30 days.
Geo Group, Inc. has a market cap of $2.04 billion and is expected to release its quarterly earnings report on Apr 23, 2024 – Apr 29, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.19, with the EPS growth for the year raised at $0.99 for 2024 and $1.34 for next year. These figures represent 4.20% and 35.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $603.85 million, with a low of $603.25 million and a high of $604.6 million. The median projection represents growth adding up to -0.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2.45 billion, or 1.40% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GEO stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the GEO stock currently stands at 1.50, and the most recent price level today is 17.11% off its SMA20 and 28.65% from its 50-day simple moving average. The RSI (14) is pointing at 78.74 while the volatility over the past week is 5.01% and jumps to 3.96% over the past one month. The beta value is 0.58, while the average true range (ATR) is currently pointing at 0.55.
Coming back to Geo Group, Inc. (NYSE:GEO), we note that the average 3-month trading volume was 2.82 million, while that of the preceding 10-day period stands at 2.85 million. Current shares outstanding are 126.09 million.
The insiders hold 5.45% of the company’s shares while institutions hold 76.47%. The data shows that short shares as of Mar 15, 2024, stood at 24.61 million at a short ratio of 9.16. This represents a 19.39% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 24.5 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 49.13% up in year-to-date price movement.
