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After finishing at $11.05 in the prior trading day, Core Scientific Inc (NASDAQ: CORZ) closed at $10.92, down -1.18%. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 6.21 million shares were traded. CORZ stock price reached its highest trading level at $11.285 during the session, while it also had its lowest trading level at $10.68.
Ratios:
Our goal is to gain a better understanding of CORZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 93.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.04.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 25 ’24 when DUCHENE TODD M sold 7,321 shares for $9.39 per share. The transaction valued at 68,715 led to the insider holds 359,877 shares of the business.
DUCHENE TODD M sold 26,230 shares of CORZ for $259,564 on Jun 14 ’24. The insider now owns 367,198 shares after completing the transaction at $9.90 per share. On Jun 13 ’24, another insider, DUCHENE TODD M, who serves as the insider of the company, sold 3,770 shares for $9.99 each. As a result, the insider received 37,671 and left with 393,428 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 1964508032 and an Enterprise Value of 2499005696. As of this moment, Core’s Price-to-Earnings (P/E) ratio for their current fiscal year is 103.70, and their Forward P/E ratio for the next fiscal year is 21.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.46. Its current Enterprise Value per Revenue stands at 4.454 whereas that against EBITDA is 14.598.
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 41.06%, while the 200-Day Moving Average is calculated to be 112.62%.
Shares Statistics:
The stock has traded on average 11.40M shares per day over the past 3-months and 12803990 shares per day over the last 10 days, according to various share statistics. A total of 386.88M shares are outstanding, with a floating share count of 145.91M. Insiders hold about 17.93% of the company’s shares, while institutions hold 28.09% stake in the company. Shares short for CORZ as of 1719532800 were 24196144 with a Short Ratio of 2.90, compared to 1717113600 on 7702779.
