The stock of Core Scientific Inc (NASDAQ:CORZ) last traded at $10.00, up 7.30% from the previous session.
CORZ stock price is now 0.38% away from the 50-day moving average and 63.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.58B.
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With the price target of $16, Needham recently initiated with Buy rating for Core Scientific Inc (NASDAQ: CORZ). On July 17, 2024, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $13, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Patten Jarrod M, Director bought 7,800 shares of the company’s stock on Sep 04 ’24. The stock was bought for $72,384 at an average price of $9.28. Upon completion of the transaction, the Director now directly owns 293,560 shares in the company, valued at $2.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Director Patten Jarrod M bought 5,021 shares of the business’s stock. A total of $48,596 was incurred on buying the stock at an average price of $9.68. This leaves the insider owning 285,760 shares of the company worth $2.86 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 $9.9707 and a two-hundred day moving average price translates $6.1426897 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.
