Stocks of Core Scientific Inc (NASDAQ:CORZ) traded higher last session on Wall Street, down -6.20% to $9.69.
CORZ stock price is now 115.81% away from the 50-day moving average and 143.56% away from the 200-day moving average. The market capitalization of the company currently stands at $1.72B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On January 31, 2024, Compass Point Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $1 to quote $8.50, while ‘H.C. Wainwright’ rates the stock as ‘Buy’
In other news, DUCHENE TODD M, insider sold 26,230 shares of the company’s stock on Jun 14 ’24. The stock was sold for $259,564 at an average price of $9.90. Upon completion of the transaction, the insider now directly owns 367,198 shares in the company, valued at $3.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, DUCHENE TODD M sold 3,770 shares of the business’s stock. A total of $37,671 was realized by selling the stock at an average price of $9.99. This leaves the insider owning 393,428 shares of the company worth $3.81 million. A total of 17.86% 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 $10.70. The fifty day moving average price for CORZ is $4.6148 and a two-hundred day moving average price translates $4.0350494 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.
