Core Scientific Inc [CORZ] stock prices are down -1.69% to $15.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CORZ shares have gain 7.62% over the last week, with a monthly amount drifted -13.45%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Core Scientific Inc [NASDAQ: CORZ] stock has seen the most recent analyst activity on November 15, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $25.50. Previously, Jefferies started tracking the stock with Buy rating on October 28, 2024, and set its price target to $19. On September 25, 2024, Macquarie initiated with a Outperform rating and assigned a price target of $16 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $16 on September 23, 2024. Needham initiated its recommendation with a Buy and recommended $16 as its price target on September 04, 2024. B. Riley Securities upgraded its rating to Buy for this stock on July 17, 2024, but kept the price target unchanged to $13. In a note dated July 17, 2024, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $20 on this stock.
The stock price of Core Scientific Inc [CORZ] has been fluctuating between $2.61 and $18.63 over the past year. Currently, Wall Street analysts expect the stock to reach $16.43 within the next 12 months. Core Scientific Inc [NASDAQ: CORZ] shares were valued at $15.12 at the most recent close of the market. An investor can expect a potential return of 8.66% based on the average CORZ price forecast.
Analyzing the CORZ fundamentals
The Core Scientific Inc [NASDAQ:CORZ] reported sales of 557.68M for trailing twelve months, representing a drop of -15.54%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.69.
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 14.85 points at the first support level, and at 14.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.54, and for the 2nd resistance point, it is at 15.97.
Ratios To Look Out For
It’s worth pointing out that Core Scientific Inc [NASDAQ:CORZ]’s Current Ratio is 3.63. On the other hand, the Quick Ratio is 3.63, and the Cash Ratio is 3.31. Considering the valuation of this stock, the price to sales ratio is 8.04.
Transactions by insiders
Recent insider trading involved Sullivan Adam Taylor, Chief Executive Officer, that happened on Jan 02 ’25 when 88380.0 shares were sold. DUCHENE TODD M completed a deal on Jan 02 ’25 to sell 0.13 million shares. Meanwhile, DUCHENE TODD M sold 2949.0 shares on Jan 03 ’25.
