Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) Director Eric Stanton Weiss bought 7,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $19.19 per share, with a total value of $134,330.00. Following the purchase, the director owned 259,262 shares of the company’s stock, valued at approximately $4,975,237.78. This represents a 2.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Core Scientific Stock Down 1.8%
Core Scientific stock traded down $0.33 during midday trading on Thursday, reaching $18.39. The company’s stock had a trading volume of 11,526,928 shares, compared to its average volume of 12,785,720. Core Scientific, Inc. has a fifty-two week low of $13.14 and a fifty-two week high of $30.46. The company has a market cap of $5.91 billion, a P/E ratio of -4.16 and a beta of 5.59. The business has a 50-day simple moving average of $23.34 and a 200-day simple moving average of $21.01.
Core Scientific (NASDAQ:CORZ – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported ($3.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($3.26). The firm had revenue of $164.20 million during the quarter, compared to analyst estimates of $144.83 million. As a group, equities analysts forecast that Core Scientific, Inc. will post -1.36 earnings per share for the current year.
Institutional Trading of Core Scientific
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on CORZ shares. Compass Point restated a “buy” rating and set a $36.00 target price on shares of Core Scientific in a research note on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $32.00 price target on shares of Core Scientific in a research note on Wednesday, June 3rd. Lucid Cap Mkts raised shares of Core Scientific to a “strong-buy” rating in a report on Friday, June 12th. Wolfe Research restated a “buy” rating on shares of Core Scientific in a research report on Wednesday, July 29th. Finally, Needham & Company LLC upped their target price on shares of Core Scientific from $29.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.18.
Read Our Latest Research Report on CORZ
Core Scientific Company Profile
Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.
Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.
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