In today’s recent session, 1.4 million shares of the Core Scientific Inc (NASDAQ:CORZ) have been traded, and its beta is 6.77. Most recently the company’s share price was $12.82, and it changed around $0.26 or 2.04% from the last close, which brings the market valuation of the company to $3.58B. CORZ at last check was trading at a discount to its 52-week high of $18.63, offering almost -45.32% off that amount. The share price’s 52-week low was $2.61, which indicates that the recent value has risen by an impressive 79.64% since then. We note from Core Scientific Inc’s average daily trading volume that its 10-day average is 17.2 million shares, with the 3-month average coming to 11.13 million.
Core Scientific Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended CORZ as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Core Scientific Inc is expected to report earnings per share of 0.03 for the current quarter.
Core Scientific Inc (NASDAQ:CORZ) trade information
Instantly CORZ has been showing a green trend so far today with a performance of 2.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.15 on recent trading dayincreased the stock’s daily price by 2.51%. The company’s shares are currently down -8.78% year-to-date, but still up 3.95% over the last five days. On the other hand, Core Scientific Inc (NASDAQ:CORZ) is -8.78% down in the 30-day period. We can see from the shorts that 42.46 million shares have been sold at a short interest cover period of 4.43 day(s).
The consensus price target as assigned by Wall Street analysts is $16.5, which translates to bulls needing to increase their stock price by 22.3% from its current value. Analyst projections state that CORZ is forecast to be at a low of $14 and a high of $24.
Core Scientific Inc (CORZ) estimates and forecasts
The year-over-year growth rate is expected to be 1.66%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 97.21M in revenue for the current quarter. 8 analysts expect Core Scientific Inc to make 107.16M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 141.93M and 179.29M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -31.51%. Forecasts for the next quarter put sales growth at -40.23%.
CORZ Dividends
Core Scientific Inc’s next quarterly earnings report is expected to be released in March.
Core Scientific Inc (NASDAQ:CORZ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.93% of Core Scientific Inc shares, and 71.98% of them are in the hands of institutional investors. The stock currently has a share float of 80.82%.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 6.99 shares worth $90.05 million, making up 2.50% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.0 shares worth around $64.39 million, which represents about 1.79% of the total shares outstanding.
