Core Scientific (CORZ) Stock Price, News & Analysis

Company Overview

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.

Key Stats

• Today's Range: $16.77 to $17.80
• 50-Day Range: $10.39 to $17.47
• 52-Week Range: $2.61 to $18.03
• Volume: 4.12 million shs
• Average Volume: 8.87 million shs
• Market Capitalization: $4.91 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $18.38
• Consensus Rating: Buy

Core Scientific Stock Analysis - MarketRank™

Core Scientific scored higher than 34% of companies evaluated by MarketBeat, and ranked 761st out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Core Scientific has received a consensus rating of Buy. The company's average rating score is 3.07, and is based on 13 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Core Scientific has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Core Scientific are expected to decrease in the coming year, from $0.53 to ($0.05) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Core Scientific is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Core Scientific is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.36% of the float of Core Scientific has been sold short.

Short Interest Ratio / Days to Cover

Core Scientific has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Core Scientific has recently increased by 1.58%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Core Scientific does not currently pay a dividend.

Dividend Growth

Core Scientific does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.36% of the float of Core Scientific has been sold short.

Short Interest Ratio / Days to Cover

Core Scientific has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Core Scientific has recently increased by 1.58%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.49

News Sentiment

Core Scientific has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Core Scientific this week, compared to 4 articles on an average week.

Search Interest

30 people have searched for CORZ on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

Only 17 people have added Core Scientific to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Core Scientific insiders have sold 236.40% more of their company's stock than they have bought. Specifically, they have bought $127,080.00 in company stock and sold $427,500.00 in company stock.

Percentage Held by Insiders

32.00% of the stock of Core Scientific is held by insiders. A high percentage of insider ownership can be a sign of company health.

CORZ Stock Analysis - Frequently Asked Questions

How have CORZ shares performed this year?

Core Scientific's stock was trading at $1.4501 at the start of the year. Since then, CORZ stock has increased by 1,112.3% and is now trading at $17.58.
View the best growth stocks for 2024 here.

How were Core Scientific's earnings last quarter?

Core Scientific, Inc. (NASDAQ:CORZ) posted its quarterly earnings data on Wednesday, August, 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by $4.47. The business's revenue was up 11.2% on a year-over-year basis.

Who are Core Scientific's major shareholders?

Top institutional shareholders of Core Scientific include ORG Wealth Partners LLC (3.47%), Parsifal Capital Management LP (1.94%), Geode Capital Management LLC (1.89%) and State Street Corp (1.43%). Insiders that own company stock include Darin Feinstein, Todd M Duchene, Jarrod M Patten, Denise Marie Brucia Sterling, Adam Taylor Sullivan and Eric Stanton Weiss.
View institutional ownership trends.

How do I buy shares of Core Scientific?

Shares of CORZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Core Scientific own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Core Scientific investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Palantir Technologies (PLTR) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CORZ
• CUSIP: N/A
• CIK: 1839341
• Web: www.xpdispac.com
• Phone: 312-262-5642
• Fax: N/A
• Employees: 200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.38
• High Stock Price Target: $25.50
• Low Stock Price Target: $14.50
• Potential Upside/Downside: +7.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.07
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 32.19
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $502.40 million
• Price / Sales: 9.48
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 279,250,000
• Free Float: 189,892,000
• Market Cap: $4.76 billion
• Optionable: Optionable
• Beta: N/A