The trading price of Core Scientific Inc (NASDAQ:CORZ) closed higher on Friday, February 07, and closing at $12.56, 0.24% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $12.18 and $13.1. In examining the 52-week price action we see that the stock hit a 52-week high of $18.63 and a 52-week low of $2.61. Over the past month, the stock has lost -11.05% in value.
Core Scientific Inc, whose market valuation is $3.51 billion at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.03 per share this quarter, however they have predicted annual earnings per share of 0.45 for current year and 0.91 for next year.
Analysts have forecast the company to bring in revenue of 97.21M for the current quarter, with the likely lows of 82.93M and highs of 109.25M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 510.72M.
On the technical side, indicators suggest CORZ has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CORZ a recommendation rating is 6. Out of them, 0 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Core Scientific Inc (CORZ) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CORZ’s price is currently -7.03% off the SMA20 and -14.90% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.97, and weekly volatility stands at 6.74%. When measured over the past 30 days, the indicator reaches 7.05%. Core Scientific Inc (NASDAQ:CORZ)’s beta value is currently sitting at 6.84, while the Average True Range indicator is currently displaying 1.06. With analysts defining $14-$24 as the low and high price targets, we arrive at a consensus price target of $16.5 for the trailing 12-month period. The current price is about -11.46% off the estimated low and -91.08% off the forecast high, based on this estimate. Investors will be thrilled if CORZ’s share price rises to $16.5, which is the median consensus price. At that level, CORZ’s share price would be -31.37% below current price.
To see how Core Scientific Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CORZ stock’s performance was 0.24% in the latest trading, and 284.10% in the past year.
An evaluation of the daily trading volume of Core Scientific Inc (NASDAQ:CORZ) indicates that the 3-month average is 11.51 million. However, this figure has increased over the past 10 days to an average of 17.2.
Currently, records show that 279.82 million of the company’s shares remain outstanding. The insiders hold 13.54% of outstanding shares, whereas institutions hold 66.67%. The stats also highlight that short interest as of 2025-01-15, stood at 42.46 million shares, resulting in a short ratio of 4.43 at that time. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 39.46 million. However, since the stock’s price has seen -10.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
