Are you interested in buying any Stock owned by a company which manages correctional facilities, mental health facilities, and detention services? The best place to visit is the Geo Group Stock due to its growing potential and long term high profit prospect.
In this article, you will know every useful thing about the stock, how you can buy the stock, and the Geo Group Stock price prediction covering 10 years.
What is GEO Group Stock?
This is the financial instrument of a company called Geo Group Inc., founded George Zoley in 1984 and its shares are now sold publicly in the NYSE exchange under the ticker symbol ‘GEO’.
The company is a service providing company focused on providing leading, evidence-based rehabilitation programs to individuals while in-custody and post-release into the community through the GEO Variety of Care.
Geo Group would accept government-outsourced services relating to the management of correctional, detention and mental health and residential treatment facilities in the US, Australia, South Africa, the United Kingdom and Canada. The company is based in Boca Raton, Florida, United States.
The company employs 18,000 staff within their facilities and across regional, international, and corporate offices. The company boasts of highly skilled professionals that manage 102 secure facilities, processing centers, and community reentry centers totaling approximately 82,000 beds.
What does the GEO Group stand for?
GEO Group is coined from the words ‘Global Leader in Evidence-Based Rehabilitation’. As at the second quarters of 2022 the company has over 2.256 billion USD revenue. It has a number of subsidiaries, which include GEO Group Australia, GEO secure Services, and LLC.
Is GEO a Good Investment?
Yes. Both fundamental and technical signals point to the GEO investment being goo. The GEO has an overall rating of 2.9 out of 5, based on over 702 reviews done by experts.
The financial health and growth prospects of GEO, demonstrate its potential to achieve significant performance in the market. It currently has a Growth Score of A, which means it is a growing company.
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Recent price changes and earnings estimate revisions indicate this would be a good stock for forceful investors who are poised to gain from the company’s score of A.
Is GEO Stock a Good Buy Now?
Yes. Investors can invest in Geo stock now and even beyond today. The GEO Stock holds buy signals from both short and long-term moving averages given a positive forecast pointing to GEO as a buy candidate.
A team of 10 Penworld Gurus analysts carried out sell or buy investigation of the GEO Stock. 5(50%) support a buy, 3(30%) support a strong buy, 2(20%) supports hold, and 0(0%) supports a sell.
There is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. During the last trading day the stock fluctuated 18.13% from a day low at $6.73 to a day high of $7.95.
The stock price gained 10.63% on the last trading week rising from $6.87 to $7.60 gaining four days in a row. Today’s price is $7.60per share.
The stock volume has increased on the last day along with the price. This is a positive technical buy-signal.
Will GEO Stock Go Up?
The 7 analysts offering 12-month price forecasts for Geo Group Inc. have a median target of 15.00. A high estimate of 15.00 and a low estimate of 9.00forms the range. The median estimate represents a +125.90% increase from the last price of 6.64. This indicates that the GEO is set to go up.
Consensus among 10 Penworldgurus analysts offering long term forecast of Geo is that 7(70%) agree that GEO will go up significantly in the long term, 2(20%) agree that GEO will record a less than significant upward movement in the short term, then 1(10%) agrees that the price of GEO stock will not go up for the moment.
How to Buy GEO Stock
To buy the GEO Stock you must follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a platform that fits you.
Step 2: Open Your Brokerage Account.
You will need to engage a broker that has access to the NYSE exchange. Then open a trading account through the broker.
This is your trading account to be opened with the brokerage firm. You must complete an application with your details and follow other procedures required by your broker.
Step 3: Confirm Your Payment Details.
You need to deposit sufficient money to your account so that you can trade. Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case, GEO, and research it before deciding if it is a good investment for you now.
Step 5: Purchase Now or Later
Buy your preferred quantity of GEO stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
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Step 6: Check In On Your Investment.
Optimize your portfolio by tracking your stock regularly so as to know when your investment target is attained or when you need to change investment strategy.
GEO Stock Price Prediction – 2022, 2023-2032
This prediction used Moving Average model on GEO historical price data, augmented by relevant stock fundamental analysis.
GEO Stock Price Prediction 2022
GEO Stock price is estimated to peak at $10.58 by the end of 2022. The price will drop to as low as $6.80. Given that it is expected to be held for long-term, its average price is projected to attain $8.69. Volatility is low and measured at 6%.
GEO Stock Price Prediction 2023
Due to the prevailing market fundamentals, GEO Stock is likely to spring upwards steadily into the future.
In 2023, the price of GEO Stock is expected to reach a maximum value of $15.63. The minimum price is expected to reach somewhere at $9.75. The average price is estimated as $12.69, with about 12% volatility. This shows that the target price of GEO stock will significantly exceed $10 in the year 2023.
GEO Stock Price Prediction 2024
In 2024, analysts predict that the GEO Stock maximum trading price is $20.32 and the minimum price is projected to hit $14.61.
All things being equal, the average price is estimated at $17.46 and 8% average price volatility is expected during the year.
GEO Stock Price Prediction 2025
GEO Stock may attract much more investors’ optimism due to the upward movements of the stock value. This means high price signal will attract more investors to buy.
The year 2025 is expected to end with a maximum price of $31.68 and a minimum price value of $18.50. The average price is projected to $25.09 given a stable sectorial market condition.
This means that the target value of GEO stock may exceed $20 during the year. Volatility is moderate and measured at 14%.
GEO Stock Price Prediction 2026
A technical analysis by Penworldgurus stock experts shows that the price of GEO Stock in 2026 is expected to attain $42.53 minimum and $29.70 maximum. The average expected trading value is $36.12, with volatility measured as 7% on the average during the year.
GEO Stock Price Prediction 2027
Based on the aggregate point predictions of stock analysts, the estimated average price of GEO Stock will be around $54.22. This means that the price of GEO stock may go above $50 per share in the year 2027.
There is moderate average volatility of 14% in 2027. It is predicted to go up to a minimum of $40.34 and reaching a peak at $68.10.
GEO Stock Price Prediction 2028
With adequate historical price-data available to the team of analysts, we make more accurate prediction.
The year 2028 is expected to see the maximum GEO Stock price of $83.61 and a minimum of $57.49. The expected average trading price is around $70.55 with high average price volatility measured at 21%.
GEO Stock Price Prediction 2029
There is signal of stable price through the year. It is assumed that in 2029 there will be $77.85 minimum price and $116.36 maximum price value.
On the average, the trading price will be around $97.11 as the GEO Stock takes upward spiral in the face of high volatility of 22%.
GEO Stock Price Prediction 2030
The prevailing price range will be attractive to investors and inspire aggressive, retail investors to put money.
Experts predict that GEO Stock will attain $136.81 by the year 2030 with the minimum price value expected to hit $100.07.
The average price of $118.41 is projected for the year with volatility measured at 22.6%. It means that GEO Stock price may exceed $100 per share in 2030.
GEO Stock Price Prediction 2031
As the upward price movement is set to continue, analysts consider GEO Stock very persuasive for both short term and long term investors.
It is expected that by the end of 2031 the stock will trade between $126.90 and $152.06. On the average the GEO Stock will trade at $139.48 in 2029. Average Price volatility is estimated at 15% during the year.
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GEO Stock Price Prediction 2032
By this year, experts are optimistic about high price with expectation of the GEO going bullish. Minimum projection is $155.88 with the possible peak reaching $203.29.
On the average, it is expected that the price is around $180 in 2032. A huge price turnover is expected within the range defined by the market. High volatility is expected and measured at 24%.
