There Is Clear Momentum For Geo Group, Inc. (NYSE: GEO)

Geo Group, Inc. (GEO) concluded trading on Wednesday at a closing price of $11.11, with 4.53 million shares of worth about $50.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 52.61% during that period and on Wednesday the price saw a loss of about -1.51%. Currently the company’s common shares owned by public are about 124.06M shares, out of which, 119.53M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 865,723 shares in 23 of the transactions. In 17 selling transactions, insiders dumped 382,580 shares.

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Stock saw a price change of -2.97% in past 5 days and over the past one month there was a price change of 3.45%. Year-to-date (YTD), GEO shares are showing a performance of 2.59% which decreased to -7.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.94 but also hit the highest price of $12.28 during that period. The average intraday trading volume for Geo Group, Inc. shares is 2.53 million. The stock is currently trading -2.36% below its 20-day simple moving average (SMA20), while that difference is up 1.65% for SMA50 and it goes to 27.94% higher than SMA200.

Geo Group, Inc. (NYSE: GEO) currently have 124.06M outstanding shares and institutions hold larger chunk of about 76.17% of that.

The stock has a current market capitalization of $1.40B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 13.45, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 0.90 while making debt-to-equity ratio of 1.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEO, volatility over the week remained 5.12% while standing at 4.00% over the month.

Analysts are in expectations that Geo Group, Inc. (GEO) stock would likely to be making an EPS of $Gevo, Inc. in the current quarter, while forecast for next quarter EPS is $0.95 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Eldorado Gold Corporation which is $Geo Group Inc (The) REIT at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Gen Digital Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -40.95% while it is estimated to increase by 30.24% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -0.76% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on October 02, 2023 offering an Outperform rating for the stock and assigned a target price of $14 to it.

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