Core Scientific Inc (NASDAQ:CORZ) traded at $3.22 at close of the session on Monday, March 18, made a downward move of -5.85% on its previous day’s price.
Looking at the stock we see that its previous close was $3.42 and the beta (5Y monthly) reads 6.26 . In terms of its 52-week price range, CORZ has a high of $6.10 and a low of $2.61. The company’s stock has lost about -11.05% over that past 30 days.
Core Scientific Inc has a market cap of $1.25 billion and is expected to release its quarterly earnings report on Mar 12, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$4.43 for 2022 and -$0.25 for next year. These figures represent -1,484.40% and 94.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $151.06 million, with a low of $131.54 million and a high of $164.55 million. The median projection represents growth adding up to -49.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $670.67 million, or 23.20% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Looking further, we note the current price level is -10.37% off its SMA20 and -7.98% from its 50-day simple moving average. The RSI (14) is pointing at 44.04 while the volatility over the past week is 11.44% and jumps to 10.61% over the past one month.
Coming back to Core Scientific Inc (NASDAQ:CORZ), we note that the average 3-month trading volume was 3.72 million, while that of the preceding 10-day period stands at 5.06 million. Current shares outstanding are 386.88 million.
The insiders hold 10.65% of the company’s shares. The data shows that short shares as of Feb 29, 2024, stood at 2.49 million at a short ratio of 1.48. This represents a 2.53% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 0.59 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -6.40% down in year-to-date price movement.
