Core Scientific Inc [NASDAQ: CORZ] traded at a low on Monday, posting a -10.18 loss after which it closed the day’ session at $16.06.
The results of the trading session contributed to over 33983567 shares changing hands. Over the past one week, the price volatility of Core Scientific Inc stands at 7.86% while the volatility over the past one month is 7.35%.
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The market cap for CORZ stock reached $4.53 billion, with 279.82 million shares outstanding and 238.57 million shares in the current float. Compared to the average trading volume of 10.55M shares, CORZ reached a trading volume of 33983567 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $20.08 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 1.08. 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.
ROTH MKM have made an estimate for Core Scientific Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on October 28, 2024, representing the official price target for Core Scientific Inc stock. Previously, the target price had yet another raise to $16, while Macquarie analysts kept a Outperform rating on CORZ stock.
The Average True Range (ATR) for Core Scientific Inc is set at 1.18, with the Price to Sales ratio for CORZ stock in the period of the last 12 months amounting to 8.12.
How has CORZ stock performed recently?
Core Scientific Inc [CORZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.90. With this latest performance, CORZ shares gained by 20.84% in over the last four-week period, additionally plugging by 229.77% 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 51.18, with the RSI for the last a single of trading hit 45.45, and the three-weeks RSI is set at 54.16 for Core Scientific Inc [CORZ]. The present Moving Average for the last 50 days of trading for this stock 14.24, while it was recorded at 17.38 for the last single week of trading, and 8.62 for the last 200 days.
Core Scientific Inc [CORZ]: Deeper insight into the fundamentals
Core Scientific Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.63 and a Current Ratio set at 3.63.
Earnings analysis for Core Scientific Inc [CORZ]
With the latest financial reports released by the company, Core Scientific Inc posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.26. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CORZ.
Insider trade positions for Core Scientific Inc [CORZ]
There are presently around $67.77%, or 75.91%% of CORZ stock, in the hands of institutional investors.
