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The closing price of Core Scientific Inc (NASDAQ: CORZ) was $10.32 for the day, up 0.88% from the previous closing price of $10.23. In other words, the price has increased by $0.88 from its previous closing price. On the day, 8.99 million shares were traded. CORZ stock price reached its highest trading level at $10.37 during the session, while it also had its lowest trading level at $9.892.
Ratios:
Our analysis of CORZ’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2422.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 1.58.
On July 17, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $20.
On July 10, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $17.Bernstein initiated its Outperform rating on July 10, 2024, with a $17 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 28 ’24 when Patten Jarrod M bought 4,000 shares for $9.70 per share. The transaction valued at 38,800 led to the insider holds 279,239 shares of the business.
Levy Jordan bought 48,700 shares of CORZ for $496,531 on Aug 20 ’24. The Director now owns 223,939 shares after completing the transaction at $10.20 per share. On Aug 16 ’24, another insider, Sterling Denise Marie Brucia, who serves as the Chief Financial Officer of the company, sold 8,752 shares for $9.41 each. As a result, the insider received 82,374 and left with 122,217 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CORZ now has a Market Capitalization of 2664861440 and an Enterprise Value of 3189632768. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.63. Its current Enterprise Value per Revenue stands at 5.545 whereas that against EBITDA is 18.035.
Stock Price History:
Over the past 52 weeks, CORZ has reached a high of $12.25, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 4.25%, while the 200-Day Moving Average is calculated to be 72.11%.
Shares Statistics:
CORZ traded an average of 14.59M shares per day over the past three months and 8895700 shares per day over the past ten days. A total of 386.88M shares are outstanding, with a floating share count of 204.18M. Insiders hold about 20.93% of the company’s shares, while institutions hold 50.39% stake in the company. Shares short for CORZ as of 1723680000 were 24846882 with a Short Ratio of 2.21, compared to 1721001600 on 32402666.
