Core Scientific Inc (NASDAQ:CORZ)’s traded shares stood at 13.84 million during the last session, with the company’s beta value hitting 6.76. At the close of trading, the stock’s price was $17.56, to imply an increase of 1.80% or $0.31 in intraday trading. The CORZ share’s 52-week high remains $18.63, putting it -6.09% down since that peak but still an impressive 64.69% since price per share fell to its 52-week low of $6.20. The company has a valuation of $5.23B, with an average of 27.22 million shares in intraday trading volume over the past 10 days and average of 14.94 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 1.17. 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 0.0.
Core Scientific Inc (NASDAQ:CORZ) trade information
After registering a 1.80% 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 42.76%, and 60.66% over 30 days. With these gigs, the year-to-date price performance is 88.82%. Short interest in Core Scientific Inc (NASDAQ:CORZ) saw shorts transact 46.71 million shares and set a 4.07 days time to cover.
The extremes give us $24 and $24 for target low and target high price respectively. As such, CORZ has been trading -36.67% off suggested target high and -36.67% from its likely low.
Core Scientific Inc (CORZ) estimates and forecasts
The rating firms project that company’s revenue will shrink -16.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 82.09M. Meanwhile, for the current quarter, a total of 15 analyst(s) estimate revenue growth to 110.06M.Earnings reports from the last fiscal year show that sales brought in 141.1M and 95.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -41.82% before jumping 15.43% in the following quarter.
CORZ Dividends
Core Scientific Inc has its next earnings report out on 2025-May-07. 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 7.47% of total outstanding shares, with institutional holders owning 82.94% of the shares at 89.63% float percentage. In total, 82.94% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 12.58 million shares (or 7.0476% of shares), all amounting to roughly $117.0 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.75 million shares, or about 5.4613% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $90.66 million.
