In yesterday’s Wall Street session, Core Scientific Inc (NASDAQ:CORZ) shares traded at $4.15, up 2.72% from the previous session.
CORZ stock price is now 23.81% away from the 50-day moving average and 21.40% away from the 200-day moving average. The market capitalization of the company currently stands at $737.79M.
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With the price target enhanced from $1 to $8.50, Compass Point Upgraded its rating from Neutral to Buy for Core Scientific Inc (NASDAQ: CORZ). On January 25, 2024, H.C. Wainwright Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $5
In other news, Sterling Denise Marie Brucia, Chief Financial Officer sold 4,261 shares of the company’s stock on May 13 ’24. The stock was sold for $15,595 at an average price of $3.66. Upon completion of the transaction, the Chief Financial Officer now directly owns 130,969 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Director Becker Todd A bought 130,000 shares of the business’s stock. A total of $410,163 was incurred on buying the stock at an average price of $3.16. This leaves the insider owning 134,250 shares of the company worth $0.56 million. A total of 11.33% of the company’s stock is owned by insiders.
During the past 12 months, Core Scientific Inc has had a low of $2.61 and a high of $6.10. The fifty day moving average price for CORZ is $3.364 and a two-hundred day moving average price translates $3.4271429 for the stock.
The latest earnings results from Core Scientific Inc (NASDAQ: CORZ) was released for 2024-03-31. The net profit margin was -6.31% and return on equity was -7418.13% for CORZ. For the current quarter, analysts expect CORZ to generate $125.95M in revenue.
