Core Scientific Inc (NASDAQ:CORZ) shares traded 0.88% higher at $10.32 on Wall Street last session.
CORZ stock price is now 4.25% away from the 50-day moving average and 72.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.66B.
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
With the price target maintained at $13, B. Riley Securities recently Upgraded its rating from Neutral to Buy for Core Scientific Inc (NASDAQ: CORZ). On July 17, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $20, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Patten Jarrod M, Director bought 4,000 shares of the company’s stock on Aug 28 ’24. The stock was bought for $38,800 at an average price of $9.70. Upon completion of the transaction, the Director now directly owns 279,239 shares in the company, valued at $2.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Director Levy Jordan bought 48,700 shares of the business’s stock. A total of $496,531 was incurred on buying the stock at an average price of $10.20. This leaves the insider owning 223,939 shares of the company worth $2.31 million. A total of 20.93% 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 $12.25. The fifty day moving average price for CORZ is $9.9235 and a two-hundred day moving average price translates $6.024281 for the stock.
The latest earnings results from Core Scientific Inc (NASDAQ: CORZ) was released for 2024-06-30. The net profit margin was -144.47% and return on equity was -7418.13% for CORZ.
