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The price of Core Scientific Inc (NASDAQ: CORZ) closed at $12.89 in the last session, up 3.20% from day before closing price of $12.49. In other words, the price has increased by $3.20 from its previous closing price. On the day, 9.15 million shares were traded. CORZ stock price reached its highest trading level at $12.95 during the session, while it also had its lowest trading level at $12.19.
Ratios:
We take a closer look at CORZ’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3025.87. 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, Canaccord Genuity on September 23, 2024, initiated with a Buy rating and assigned the stock a target price of $16.
On September 04, 2024, Needham started tracking the stock assigning a Buy rating and target price of $16.
B. Riley Securities Upgraded its Neutral to Buy on July 17, 2024, while the target price for the stock was maintained at $13.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3328494592 and an Enterprise Value of 3853266432. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.79. Its current Enterprise Value per Revenue stands at 6.699 whereas that against EBITDA is 21.787.
Stock Price History:
Over the past 52 weeks, CORZ has reached a high of $12.72, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 25.99%, while the 200-Day Moving Average is calculated to be 99.98%.
Shares Statistics:
According to the various share statistics, CORZ traded on average about 12.94M shares per day over the past 3-months and 14004760 shares per day over the past 10 days. A total of 386.88M shares are outstanding, with a floating share count of 220.99M. Insiders hold about 14.42% of the company’s shares, while institutions hold 50.43% stake in the company. Shares short for CORZ as of 1724976000 were 35609893 with a Short Ratio of 2.75, compared to 1722384000 on 24846882.
