Core Scientific Inc (NASDAQ:CORZ)’s 12-Month Price Target Currently Stands At 24

In last trading session, Core Scientific Inc (NASDAQ:CORZ) saw 9.47 million shares changing hands with its beta currently measuring 6.12. Company’s recent per share price level of $8.66 trading at -$0.29 or -3.24% at ring of the bell on the day assigns it a market valuation of $2.55B. That closing price of CORZ’s stock is at a discount of -115.13% from its 52-week high price of $18.63 and is indicating a premium of 69.86% from its 52-week low price of $2.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 25.21 million shares which gives us an average trading volume of 13.62 million if we extend that period to 3-months.

For Core Scientific Inc (CORZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.

Core Scientific Inc (NASDAQ:CORZ) trade information

Upright in the red during last session for losing -3.24%, in the last five days CORZ remained trading in the green while hitting it’s week-highest on Wednesday, 03/12/25 when the stock touched $8.66 price level, adding 5.04% to its value on the day. Core Scientific Inc’s shares saw a change of -38.36% in year-to-date performance and have moved 10.32% in past 5-day. Core Scientific Inc (NASDAQ:CORZ) showed a performance of -29.36% in past 30-days. Number of shares sold short was 42.95 million shares which calculate 3.53 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 17 to the stock, which implies a rise of 49.06% to its current value. Analysts have been projecting 14 as a low price target for the stock while placing it at a high target of 24. It follows that stock’s current price would drop -61.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -61.66% for stock’s current value.

Core Scientific Inc (CORZ) estimates and forecasts

This year revenue growth is estimated to fall -3.71% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 92.77M for the same. And 11 analysts are in estimates of company making revenue of 98.73M in the next quarter. Company posted 179.29M and 141.1M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1117.00% during past 5 years.

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

Insiders are in possession of 8.49% of company’s total shares while institution are holding 86.58 percent of that, with stock having share float percentage of 94.61%. Investors also watch the number of corporate investors in a company very closely, which is 86.58% institutions for Core Scientific Inc that are currently holding shares of the company. DIAMETER CAPITAL PARTNERS LP is the top institutional holder at CORZ for having 8.5 million shares of worth $79.05 million. And as of 2024-06-30, it was holding 4.7618 of the company’s outstanding shares.

The second largest institutional holder is BERYL CAPITAL MANAGEMENT LLC, which was holding about 7.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.4223 of outstanding shares, having a total worth of $73.41 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 7.92 shares of worth $68.62 million or 2.69% of the total outstanding shares. The later fund manager was in possession of 4.82 shares on Dec 31, 2024 , making its stake of worth around $41.7 million in the company or a holder of 1.64% of company’s stock.