Core Scientific Inc [NASDAQ: CORZ] price plunged by -1.32 percent to reach at -$0.12.
The one-year CORZ stock forecast points to a potential upside of 12.91. The average equity rating for CORZ stock is currently 1.67, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Core Scientific Inc [CORZ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CORZ shares is $10.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CORZ stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Core Scientific Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 29, 2024. While these analysts kept the previous recommendation, Compass Point raised their target price from $1 to $8.50. The new note on the price target was released on January 31, 2024, representing the official price target for Core Scientific Inc stock. Previously, the target price had yet another raise to $5, while H.C. Wainwright analysts kept a Buy rating on CORZ stock.
The Average True Range (ATR) for Core Scientific Inc is set at 0.74, with the Price to Sales ratio for CORZ stock in the period of the last 12 months amounting to 2.84. Price to Free Cash Flow for CORZ in the course of the last twelve months was 76.56 with Quick ratio for the last quarter at 1.04.
CORZ Stock Performance Analysis:
Core Scientific Inc [CORZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.93.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CORZ stock in for the last two-week period is set at 69.25, with the RSI for the last a single of trading hit 64.90, and the three-weeks RSI is set at 70.46 for Core Scientific Inc [CORZ]. The present Moving Average for the last 50 days of trading for this stock 4.96, while it was recorded at 9.40 for the last single week of trading.
Insight into Core Scientific Inc Fundamentals:
Core Scientific Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.04.
Core Scientific Inc [CORZ] Institutonal Ownership Details
The top three institutional holders of CORZ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CORZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CORZ stock with ownership which is approximately 5.8386%.
