Geo Group, Inc. (GEO) Reports -19.80% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Geo Group, Inc. (NYSE:GEO) does about 2.70M shares in volume on a normal day but saw 2982374 shares change hands in Monday’s trading. The company now has a market cap of 1.78B USD. Its current market price is $13.08, marking a decrease of -2.97% compared to the previous close of $13.48. The 52 week high reached by this stock is $16.31 whilst the lowest price level in 52 weeks is $6.94.

Geo Group, Inc. (GEO) has a 20-day trading average at $14.51 and the current price is -19.80% off the 52-week high compared with 88.47% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.06 and its 200-day simple moving average is $10.57. If we look at the stock’s price movements over the week, volatility stands at 4.29%, which decreases to 2.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 30.84 to suggest the stock is neutral.

The consensus objective for the share price is $19.25, suggesting that the stock has a potential upside of 32.05% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 02, 2023 when Northland Capital initiated the stock to “Outperform” and issued a price target of $14. Wedbush upgraded the stock to “Outperform” from Neutral on November 29, 2022 at a price target of $10-$14. Wedbush initiated its price target at $7.

Geo Group, Inc. (GEO) stock is down -9.36% over the week and -14.90% over the past month. Its price is 20.78% year-to-date and 47.30% over the past year.

To reach the target analysts have set, the stock logically needs to grow 32.05 percent from here.

The company has a return on investment of 2.94% and return on equity of 7.28%. The price to earnings ratio (P/E ratio) amounts to 19.37 while the forward price to earnings ratio is 10.19. The beta has a value of 0.62. Price to book ratio is 1.26 and price to sales ratio is 0.74.