A Bull Market Continues To Unfold On Core Scientific Inc (NASDAQ: CORZ), As It Continued To Rise 300.58% In Year-To-Date

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During the last session, Core Scientific Inc (NASDAQ:CORZ)’s traded shares were 8.82 million. At the end of the trading day, the stock’s price was $13.78, reflecting an intraday loss of -3.64% or -$0.52. The 52-week high for the CORZ share is $14.64, that puts it down -6.24 from that peak though still a striking 81.06% gain since the share price plummeted to a 52-week low of $2.61. The company’s market capitalization is $3.56B, and the average intraday trading volume over the past 10 days was 11.15 million shares, and the average trade volume was 11.21 million shares over the past three months.

Core Scientific Inc (CORZ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.08. CORZ has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.

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Core Scientific Inc (NASDAQ:CORZ) trade information

Core Scientific Inc (CORZ) registered a -3.64% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.64% in intraday trading to $13.78, hitting a weekly high. The stock’s 5-day price performance is 1.92%, and it has moved by 17.18% in 30 days. The short interest in Core Scientific Inc (NASDAQ:CORZ) is 29.03 million shares and it means that shorts have 2.86 day(s) to cover.

The consensus price target of analysts on Wall Street is $15.5, which implies an increase of 11.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $17 respectively. As a result, CORZ is trading at a discount of -23.37% off the target high and 78.23% off the low.

Core Scientific Inc (CORZ) estimates and forecasts

Statistics show that Core Scientific Inc has underperformed its competitors in share price, compared to the industry in which it operates. Core Scientific Inc (CORZ) shares have gone up 359.33% during the last six months, with a year-to-date growth rate less than the industry average at -1,705.88% against 10.40.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 102.42M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 107.58M by the end of current fiscal year.

While earnings are projected to return -315.36% in 2024.

CORZ Dividends

Core Scientific Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Core Scientific Inc insiders own 11.57% of total outstanding shares while institutional holders control 62.17%, with the float percentage being 70.31%.