Core Scientific Inc [NASDAQ: CORZ] gained 8.96% on the last trading session, reaching $10.09 price per share at the time.
If compared to the average trading volume of 14.13M shares, CORZ reached a trading volume of 13598038 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $15.43 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 1.33. 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.
B. Riley Securities have made an estimate for Core Scientific Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on July 17, 2024, representing the official price target for Core Scientific Inc stock. Previously, the target price had yet another raise to $17, while Bernstein analysts kept a Outperform rating on CORZ stock.
The Average True Range (ATR) for Core Scientific Inc is set at 0.94, with the Price to Sales ratio for CORZ stock in the period of the last 12 months amounting to 4.53. Price to Free Cash Flow for CORZ in the course of the last twelve months was 2368.58 with Quick ratio for the last quarter at 1.58.
Trading performance analysis for CORZ stock
Core Scientific Inc [CORZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.02. With this latest performance, CORZ shares dropped by -0.69% in over the last four-week period, additionally plugging by 178.73% over the last 6 months.
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 54.27, with the RSI for the last a single of trading hit 56.42, and the three-weeks RSI is set at 54.36 for Core Scientific Inc [CORZ]. The present Moving Average for the last 50 days of trading for this stock 9.65, while it was recorded at 9.22 for the last single week of trading.
Core Scientific Inc [CORZ]: A deeper dive into fundamental analysis
Core Scientific Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.58 and a Current Ratio set at 1.58.
An analysis of Institutional ownership at Core Scientific Inc [CORZ]
The top three institutional holders of CORZ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CORZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CORZ stock with ownership which is approximately 5.1238%.
