In the latest trading session,, 6.51 million Core Scientific Inc (NASDAQ:CORZ) shares changed hands as the company’s beta touched 6.68. With the company’s most recent per share price at $16.85 changing hands around $0.2 or 1.20% at last look, the market valuation stands at $5.02B. CORZ’s current price is a discount, trading about -10.56% off its 52-week high of $18.63. The share price had its 52-week low at $6.20, which suggests the last value was 63.2% up since then. When we look at Core Scientific Inc’s average trading volume, we note the 10-day average is 23.5 million shares, with the 3-month average coming to 15.50 million.
Analysts gave the Core Scientific Inc (CORZ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CORZ as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
Core Scientific Inc (NASDAQ:CORZ) trade information
Instantly CORZ is in green as seen in intraday trades today. With action 48.46%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 69.34%, with the 5-day performance at 48.46% in the green. However, in the 30-day time frame, Core Scientific Inc (NASDAQ:CORZ) is 57.62% up. Looking at the short shares, we see there were 46.71 million shares sold at short interest cover period of 4.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 23.41% from its recent market value. According to analyst projections, CORZ’s forecast low is 20 with 24 as the target high. To hit the forecast high, the stock’s price needs a -42.43% plunge from its current level, while the stock would need to soar -18.69% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1117.00%. The 2025 estimates are for Core Scientific Inc earnings to increase by 131.03%.
CORZ Dividends
Core Scientific Inc is expected to release its next quarterly earnings report on 2025-May-07.
Core Scientific Inc (NASDAQ:CORZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.47% of Core Scientific Inc shares while 82.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.68%. There are 82.98% institutions holding the Core Scientific Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.0476% of the shares, roughly 12.58 million CORZ shares worth $117.0 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.4613% or 9.75 million shares worth $90.66 million as of 2024-06-30.
