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The closing price of Core Scientific Inc (NASDAQ: CORZ) was $14.30 for the day, up 0.70% from the previous closing price of $14.20. In other words, the price has increased by $0.70 from its previous closing price. On the day, 8.63 million shares were traded. CORZ stock price reached its highest trading level at $14.64 during the session, while it also had its lowest trading level at $14.03.
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 38.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3356.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 1.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $19.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $16.
On September 23, 2024, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $16.Canaccord Genuity initiated its Buy rating on September 23, 2024, with a $16 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 Sep 13 ’24 when Patten Jarrod M bought 2,240 shares for $11.05 per share. The transaction valued at 24,752 led to the insider holds 300,000 shares of the business.
Patten Jarrod M bought 2,100 shares of CORZ for $21,210 on Sep 11 ’24. The Director now owns 297,760 shares after completing the transaction at $10.10 per share. On Sep 10 ’24, another insider, Patten Jarrod M, who serves as the Director of the company, bought 2,100 shares for $9.90 each. As a result, the insider paid 20,790 and bolstered with 295,660 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 3692589056 and an Enterprise Value of 4217361152. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.42. Its current Enterprise Value per Revenue stands at 7.332 whereas that against EBITDA is 23.846.
Stock Price History:
Over the past 52 weeks, CORZ has reached a high of $14.40, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 21.92%, while the 200-Day Moving Average is calculated to be 96.07%.
Shares Statistics:
CORZ traded an average of 11.22M shares per day over the past three months and 11062750 shares per day over the past ten days. A total of 386.88M shares are outstanding, with a floating share count of 220.67M. Insiders hold about 14.54% of the company’s shares, while institutions hold 54.18% stake in the company. Shares short for CORZ as of 1728950400 were 29032435 with a Short Ratio of 2.59, compared to 1726185600 on 30317227.
