Core Scientific Inc [CORZ] stock is trading at $10.85, up 0.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CORZ shares have gain 4.43% over the last week, with a monthly amount glided 6.27%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Core Scientific Inc [NASDAQ: CORZ] stock has seen the most recent analyst activity on July 17, 2024, when B. Riley Securities upgraded its rating to a Buy but kept the price target unchanged to $13 for it. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on July 17, 2024, and set its price target to $20. On July 10, 2024, Bernstein initiated with a Outperform rating and assigned a price target of $17 on the stock. BTIG Research upgraded its rating to a Buy. Compass Point upgraded its rating to Buy for this stock on January 31, 2024, and upped its price target to $8.50. In a note dated January 25, 2024, H.C. Wainwright upgraded an Buy rating on this stock but restated the target price of $5.
Core Scientific Inc [CORZ] stock has fluctuated between $2.61 and $12.25 over the past year. Currently, Wall Street analysts expect the stock to reach $11.25 within the next 12 months. Core Scientific Inc [NASDAQ: CORZ] shares were valued at $10.85 at the most recent close of the market. An investor can expect a potential return of 3.69% based on the average CORZ price forecast.
Analyzing the CORZ fundamentals
Core Scientific Inc [NASDAQ:CORZ] reported sales of 575.23M for the trailing twelve months, which represents a growth of 11.18%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at -1.44%, and Net Profit Margin reading is -1.44%. To continue investigating profitability, this company’s Return on Assets is posted at -1.09, Equity is 1.37 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.54 points at the first support level, and at 10.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.08, and for the 2nd resistance point, it is at 11.31.
Ratios To Look Out For
For context, Core Scientific Inc’s Current Ratio is 1.58. As well, the Quick Ratio is 1.58, while the Cash Ratio is 1.3. Considering the valuation of this stock, the price to sales ratio is 4.87.
Transactions by insiders
Recent insider trading involved Levy Jordan, Director, that happened on Aug 20 ’24 when 48700.0 shares were purchased. Chief Financial Officer, Sterling Denise Marie Brucia completed a deal on Aug 16 ’24 to sell 8752.0 shares. Meanwhile, DUCHENE TODD M sold 11582.0 shares on Aug 16 ’24.
