Core Scientific Inc (NASDAQ:CORZ) price on Wednesday, April 30, fall -2.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.10.
A look at the stock’s price movement, the close in the last trading session was $8.29, moving within a range at $7.65 and $8.11. Turning to its 52-week performance, $18.63 and $2.88 were the 52-week high and 52-week low respectively. Overall, CORZ moved 11.88% over the past month.
Core Scientific Inc’s market cap currently stands at around $2.39 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 85.93M for the company’s revenue for the quarter, with a low and high estimate of 76.6M and 108.5M respectively. The average forecast suggests down to a -52.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 478.36M, representing a -6.33% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CORZ is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend CORZ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CORZ’s current price about 11.18% and -3.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.45, while 7-day volatility ratio is 7.37% and 9.79% in the 30-day chart. Further, Core Scientific Inc (CORZ) has a beta value of 6.64, and an average true range (ATR) of 0.70. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $20 and high of $24. Looking at the price targets, the low is -146.91% off current price level while to achieve the yearly target high, price needs to move -196.3%. Nonetheless, investors will most likely welcome a -171.6% jump to $22 which is the analysts’ median price.
If we refocus on Core Scientific Inc (NASDAQ:CORZ), historical trading data shows that trading volumes averaged 10.34 over the past 10 days and 16.29 million over the past 3 months. The company’s latest data on shares outstanding shows there are 292.61 million shares.
The 12.97% of Core Scientific Inc’s shares are in the hands of company insiders while institutional holders own 80.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 47.35 million on 2025-04-15, giving us a short ratio of 2.38. The data shows that as of 2025-04-15 short interest in Core Scientific Inc (CORZ) stood at 1620.9999 of shares outstanding, with shares short rising to 38.61 million registered in 2025-03-14. Current price change has pushed the stock -42.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CORZ stock continues to rise going into the next quarter.
