Are Analysts Expecting A Better 2020 For Core Scientific Inc (CORZ)?

Core Scientific Inc (CORZ) concluded trading on Thursday at a closing price of $3.90, with 10.82 million shares of worth about $42.21 million changed hands on the day. On May 09, 2024 the price saw a gain of about 12.07%. Currently the company’s common shares owned by public are about 386.88M shares, out of which, 157.63M shares are available for trading.

Stock saw a price change of 21.88% in past 5 days and over the past one month there was a price change of 24.60%. Over the period of past 52 weeks, stock dropped to lowest price of $2.61 but also hit the highest price of $6.10 during that period. The average intraday trading volume for Core Scientific Inc shares is 3.21 million. The stock is currently trading 23.20% above its 20-day simple moving average (SMA20), while that difference is up 15.90% for SMA50 and it goes to 15.54% higher than SMA200.

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Core Scientific Inc (NASDAQ: CORZ) currently have 386.88M outstanding shares and institutions hold larger chunk of about 7.27% of that.

The stock has a current market capitalization of $693.34M. PE ratio of stock for trailing 12 months is 27.94, while it has posted earnings per share of $0.14 in the same period. It has Quick Ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CORZ, volatility over the week remained 6.56% while standing at 7.51% over the month.

Stock’s fiscal year EPS is expected to rise by 123.88% while it is estimated to increase by 72.48% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Compass Point on January 31, 2024 offering a Buy rating for the stock and assigned a target price range of between $1 and $8.50 to it. Coverage by H.C. Wainwright stated Core Scientific Inc (CORZ) stock as a Buy in their note to investors on January 25, 2024, suggesting a price target of $5 for the stock.

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