Core Scientific Inc (NASDAQ:CORZ) traded at $12.60 at close of the session on Monday, November 04 and made a downward move of -3.30% on its previous day’s price.
Looking at the stock we see that its previous close was $13.03 with the day’s price range being $12.51 – $12.95. In terms of its 52-week price range, CORZ has a high of $14.64 and a low of $2.61. The company’s stock has gained about 3.36% over that past 30 days.
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Core Scientific Inc has a market cap of $3.19 billion and is expected to release its quarterly earnings report in December.
Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Core Scientific Inc (CORZ) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -4.09% off its SMA20 and 5.38% from its 50-day simple moving average. The RSI (14) is pointing at 47.21 while the volatility over the past week is 4.79% and jumps to 5.74% over the past one month. The average price target for the stock over the next 12 months is $15.5, with the estimates having a low of $3 and a high of $17. These price ends are 76.19% and -34.92% off the current price level respectively, although investors could be excited at the prospect of a -23.02% if the CORZ share price touches on the median price of $15.5.
Coming back to Core Scientific Inc (NASDAQ:CORZ), we note that the average 3-month trading volume was 11.25 million, while that of the preceding 10-day period stands at 11.56 million. Current shares outstanding are 386.88 million.
The insiders hold 14.54% of the company’s shares while institutions hold 54.29%. The data shows that short shares as of 2024-10-15, stood at 29.03 million at a short ratio of 2.86. Shares short fall in October from the previous month at 30.32 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 266.28% up in year-to-date price movement.
