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After finishing at $3.48 in the prior trading day, Core Scientific Inc (NASDAQ: CORZ) closed at $3.17, down -8.91%. In other words, the price has decreased by -$8.91 from its previous closing price. On the day, 1.93 million shares were traded. CORZ stock price reached its highest trading level at $3.5068 during the session, while it also had its lowest trading level at $3.16.
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 7.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.20.
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 the company, Compass Point on January 31, 2024, Upgraded its rating to Buy and sets its target price to $8.50 from $1 previously.
On January 25, 2024, H.C. Wainwright Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $5.
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 Mar 15 ’24 when Becker Todd A bought 130,000 shares for $3.16 per share. The transaction valued at 410,163 led to the insider holds 134,250 shares of the business.
Patten Jarrod M bought 100,000 shares of CORZ for $332,220 on Mar 15 ’24. The Director now owns 100,000 shares after completing the transaction at $3.32 per share. On Mar 15 ’24, another insider, Rozov Yadin, who serves as the Director of the company, bought 80,000 shares for $3.07 each. As a result, the insider paid 245,968 and bolstered with 80,000 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 643795328 and an Enterprise Value of 1420472576. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12. Its current Enterprise Value per Revenue stands at 2.827 whereas that against EBITDA is 12.816.
Stock Price History:
Over the past 52 weeks, CORZ has reached a high of $6.10, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is -6.68%, while the 200-Day Moving Average is calculated to be -6.54%.
Shares Statistics:
The stock has traded on average 3.29M shares per day over the past 3-months and 2889590 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 157.47M. Insiders hold about 11.33% of the company’s shares, while institutions hold 0.93% stake in the company. Shares short for CORZ as of 1713139200 were 7427051 with a Short Ratio of 2.26, compared to 1710460800 on 3533238.
Earnings Estimates
The market rating of Core Scientific Inc (CORZ) is currently shaped by the ongoing analysis conducted by 2 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.01, with high estimates of $0.07 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.55 and -$0.17 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $0.84, with 1.0 analysts recommending between $0.84 and $0.84.
Revenue Estimates
For the next quarter, 2 analysts are estimating revenue of $119.57M. There is a high estimate of $135.55M for the next quarter, whereas the lowest estimate is $103.6M.
Based on 1 analysts’ estimates, the company’s revenue will be $764.05M in the next fiscal year. The high estimate is $764.05M and the low estimate is $764.05M.
