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The closing price of Core Scientific Inc (NASDAQ: CORZ) was $16.99 for the day, up 0.30% from the previous closing price of $16.94. In other words, the price has increased by $0.30 from its previous closing price. On the day, 8.4 million shares were traded. CORZ stock price reached its highest trading level at $17.6 during the session, while it also had its lowest trading level at $16.74.
Ratios:
Our analysis of CORZ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.63 and its Current Ratio is at 3.63.
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, ROTH MKM on November 15, 2024, initiated with a Buy rating and assigned the stock a target price of $25.50.
On October 28, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $19.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $16.Macquarie initiated its Outperform rating on September 25, 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 Nov 22 ’24 when Rozov Yadin sold 105,000 shares for $18.11 per share. The transaction valued at 1,901,949 led to the insider holds 345,239 shares of the business.
Yadin Rozov bought 275,000 shares of CORZ for $4,787,750 on Nov 22 ’24. On Nov 20 ’24, another insider, DUCHENE TODD M, who serves as the insider of the company, sold 25,000 shares for $17.10 each. As a result, the insider received 427,420 and left with 1,661,474 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 4744508416 and an Enterprise Value of 5059231744. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.53. Its current Enterprise Value per Revenue stands at 9.072 whereas that against EBITDA is 33.217.
Stock Price History:
Over the past 52 weeks, CORZ has reached a high of $18.63, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 16.43%, while the 200-Day Moving Average is calculated to be 91.04%.
Shares Statistics:
CORZ traded an average of 11.21M shares per day over the past three months and 12918540 shares per day over the past ten days. A total of 279.82M shares are outstanding, with a floating share count of 238.57M. Insiders hold about 14.57% of the company’s shares, while institutions hold 62.11% stake in the company. Shares short for CORZ as of 1731628800 were 33923980 with a Short Ratio of 3.03, compared to 1728950400 on 29032435.
