Core Scientific Inc (NASDAQ:CORZ) Could See A -7.74% Or Even More Loss In Stock Price

Core Scientific Inc (NASDAQ:CORZ)’s traded shares stood at 4.6 million during the last session. At the close of trading, the stock’s price was $12.02, to imply an increase of 0.17% or $0.02 in intraday trading. The CORZ share’s 52-week high remains $12.95, putting it -7.74% down since that peak but still an impressive 78.29% since price per share fell to its 52-week low of $2.61. The company has a valuation of $3.10B, with an average of 9.09 million shares in intraday trading volume over the past 10 days and average of 11.76 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Core Scientific Inc (CORZ), translating to a mean rating of 1.09. Of 6 analyst(s) looking at the stock, 0 analyst(s) give CORZ a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.

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Core Scientific Inc (NASDAQ:CORZ) trade information

After registering a 0.17% upside in the last session, Core Scientific Inc (CORZ) has traded red over the past five days. The 5-day price performance for the stock is -2.91%, and 21.78% over 30 days. With these gigs, the year-to-date price performance is 249.42%. Short interest in Core Scientific Inc (NASDAQ:CORZ) saw shorts transact 35.61 million shares and set a 2.34 days time to cover.

The extremes give us $3 and $17 for target low and target high price respectively. As such, CORZ has been trading -41.43% off suggested target high and 75.04% from its likely low.

Core Scientific Inc (CORZ) estimates and forecasts

Looking at statistics comparing Core Scientific Inc share performance against respective industry, we note that the company has underperformed competitors. Core Scientific Inc (CORZ) shares are 244.41% up over the last 6 months, with its year-to-date growth rate lower than industry average at -2,176.47% against 8.20%.

Revenue forecast for the current quarter as set by 9 analysts is 105.56M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 111.93M.

CORZ Dividends

Core Scientific Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Core Scientific Inc (NASDAQ:CORZ)’s Major holders

Core Scientific Inc insiders hold 11.57% of total outstanding shares, with institutional holders owning 55.94% of the shares at 63.26% float percentage. In total, 55.94% institutions holds shares in the company.