At the time of writing, Core Scientific Inc [CORZ] stock is trading at $16.46, up 14.86%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CORZ shares have gain 23.85% over the last week, with a monthly amount glided 37.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Core Scientific Inc [NASDAQ: CORZ] stock has seen the most recent analyst activity on October 28, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $19. Previously, Macquarie started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $16. On September 23, 2024, Canaccord Genuity initiated with a Buy rating and assigned a price target of $16 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $16 on September 04, 2024. B. Riley Securities upgraded its rating to a Buy but $13 remained the price target by the analyst firm on July 17, 2024. Cantor Fitzgerald started tracking with a Overweight rating for this stock on July 17, 2024, and assigned it a price target of $20. In a note dated July 10, 2024, Bernstein initiated an Outperform rating and provided a target price of $17 on this stock.
For the past year, the stock price of Core Scientific Inc fluctuated between $2.61 and $14.64. Currently, Wall Street analysts expect the stock to reach $13.5 within the next 12 months. Core Scientific Inc [NASDAQ: CORZ] shares were valued at $16.46 at the most recent close of the market. An investor can expect a potential drop of -17.98% based on the average CORZ price forecast.
Analyzing the CORZ fundamentals
According to Core Scientific Inc [NASDAQ:CORZ], the company’s sales were 557.68M for trailing twelve months, which represents an -15.54% plunge. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -2.23%, and Net Profit Margin reading is -2.23%. To continue investigating profitability, this company’s Return on Assets is posted at -1.35, Equity is 1.83 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.78.
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 14.87 points at the first support level, and at 13.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.37, and for the 2nd resistance point, it is at 18.29.
Ratios To Look Out For
It is important to note that Core Scientific Inc [NASDAQ:CORZ] has a current ratio of 3.63. In addition, the Quick Ratio stands at 3.63 and the Cash Ratio stands at 3.31. Considering the valuation of this stock, the price to sales ratio is 7.62.
Transactions by insiders
Recent insider trading involved Patten Jarrod M, Director, that happened on Sep 13 ’24 when 2240.0 shares were purchased. Director, Patten Jarrod M completed a deal on Sep 11 ’24 to buy 2100.0 shares. Meanwhile, Director Patten Jarrod M bought 2100.0 shares on Sep 10 ’24.
