Stock Performance Spotlight: Core Scientific Inc (CORZ) Ends the Day at 8.97, Down by -1.32

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As of close of business last night, Core Scientific Inc’s stock clocked out at $8.97, down -1.32% from its previous closing price of $9.09. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 21.86 million shares were traded. CORZ stock price reached its highest trading level at $9.07 during the session, while it also had its lowest trading level at $8.31.


To gain a deeper understanding of CORZ’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.04.

On January 31, 2024, Compass Point Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $1 to $8.50.

H.C. Wainwright Upgraded its Neutral to Buy on January 25, 2024, while the target price for the stock was maintained at $5.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 14 ’24 when DUCHENE TODD M sold 26,230 shares for $9.90 per share. The transaction valued at 259,564 led to the insider holds 367,198 shares of the business.

DUCHENE TODD M sold 3,770 shares of CORZ for $37,671 on Jun 13 ’24. The insider now owns 393,428 shares after completing the transaction at $9.99 per share. On May 13 ’24, another insider, Sterling Denise Marie Brucia, who serves as the Chief Financial Officer of the company, sold 4,261 shares for $3.66 each. As a result, the insider received 15,595 and left with 130,969 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 1594713600 and an Enterprise Value of 2152327936. As of this moment, Core’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.19, and their Forward P/E ratio for the next fiscal year is 25.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84. Its current Enterprise Value per Revenue stands at 3.836 whereas that against EBITDA is 12.573.

Stock Price History:

Over the past 52 weeks, CORZ has reached a high of $10.70, while it has fallen to a 52-week low of $2.61. The 50-Day Moving Average of the stock is 85.19%, while the 200-Day Moving Average is calculated to be 117.11%.

Shares Statistics:

It appears that CORZ traded 6.97M shares on average per day over the past three months and 17241460 shares per day over the past ten days. A total of 386.88M shares are outstanding, with a floating share count of 145.90M. Insiders hold about 17.93% of the company’s shares, while institutions hold 27.89% stake in the company. Shares short for CORZ as of 1715731200 were 7377445 with a Short Ratio of 1.11, compared to 1713139200 on 7427051.

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