Core Scientific Inc (NASDAQ: CORZ): Reassessing Prospects

Core Scientific Inc (CORZ) concluded trading on Thursday at a closing price of $11.84, with 10.11 million shares of worth about $119.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.96% during that period and on February 20, 2025 the price saw a loss of about -1.50%. Currently the company’s common shares owned by public are about 279.82M shares, out of which, 243.92M shares are available for trading.

Stock saw a price change of -2.07% in past 5 days and over the past one month there was a price change of -22.46%. Year-to-date (YTD), CORZ shares are showing a performance of -15.73% which increased to 217.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.61 but also hit the highest price of $18.63 during that period. The average intraday trading volume for Core Scientific Inc shares is 10.65 million. The stock is currently trading -5.92% below its 20-day simple moving average (SMA20), while that difference is down -15.27% for SMA50 and it goes to 3.15% higher than SMA200.

Core Scientific Inc (NASDAQ: CORZ) currently have 279.82M outstanding shares and institutions hold larger chunk of about 84.52% of that.

The stock has a current market capitalization of $3.31B and its 3Y-monthly beta is at 6.80. It has posted earnings per share of -$5.45 in the same period. It has Quick Ratio of 3.63. 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 4.87% while standing at 7.06% over the month.

Stock’s fiscal year EPS is expected to drop by -513.17% while it is estimated to increase by 103.09% 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 Keefe Bruyette on January 27, 2025 offering an Outperform rating for the stock and assigned a target price of $22 to it. Coverage by Craig Hallum stated Core Scientific Inc (CORZ) stock as a Buy in their note to investors on January 21, 2025, suggesting a price target of $24 for the stock. On November 15, 2024, ROTH MKM Initiated their recommendations, while on October 28, 2024, Jefferies Initiated their ratings for the stock with a price target of $19. Stock get an Outperform rating from Macquarie on September 25, 2024.

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