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AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
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NASDAQ:CORZ

Core Scientific Stock Forecast, Price & News

2.09
+0.04 (+1.95%)
(As of 06/24/2022 04:00 PM ET)
Add
Compare
Today's Range
1.98
2.23
50-Day Range
2.02
7.72
52-Week Range
1.91
14.98
Volume
26.49 million shs
Average Volume
3.09 million shs
Market Capitalization
$680.10 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
11.75
30 days | 90 days | 365 days | Advanced Chart

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CORZ Stock Forecast (MarketRank)

Overall MarketRank

2.51 out of 5 stars

Business Services Sector

69th out of 469 stocks

Data Processing & Preparation Industry

9th out of 113 stocks

Analyst Opinion: 4.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Core Scientific logo

About Core Scientific (NASDAQ:CORZ)

Core Scientific, Inc. provides net carbon-neutral blockchain infrastructure and digital asset mining solutions in North America. It operates in two segments, Equipment Sales and Hosting. It offers blockchain hosting services with deployment and provide power, racks, proprietary thermodynamic management, redundant connectivity, and 24/7 security, as well as its proprietary software platforms, such as Minder and MinderOS, which provides infrastructure management and custom firmware; and digital asset mining operation focuses on the generation of digital assets by solving complex cryptographic algorithms to validate transactions on specific digital asset network blockchains. The company also offers blockchain infrastructure and third-party hosting services through the sale of consumption-based contracts for its hosting services, as well as equipment sales to customers; and operates data centers in Georgia, Kentucky, North Carolina, North Dakota, and Texas. In addition, it provides hosting services to digital asset mining customers; deployment, monitoring, troubleshooting, optimization, and maintenance services for its customer's digital asset mining equipment; and electrical power and repair, and other infrastructure services to operate, maintain, and mine digital assets. The company is headquartered in Austin, Texas.

CORZ Stock News Headlines

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Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CORZ
Fax
N/A
Employees
118
Year Founded
N/A

Company Calendar

Last Earnings
5/12/2022
Today
6/24/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
8.22
High Stock Price Forecast
15.00
Low Stock Price Forecast
3.10
Forecasted Upside/Downside
+462.2%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
6 Analysts

Profitability

Net Income
$-32.50 million
Pretax Margin
-334.95%

Debt

Sales & Book Value

Annual Sales
$544.48 million
Cash Flow
10.45 per share
Book Value
32.56 per share

Miscellaneous

Free Float
221,275,000
Market Cap
$680.10 million
Optionable
Optionable
Beta
1.72














Core Scientific Frequently Asked Questions

Should I buy or sell Core Scientific stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Core Scientific in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Core Scientific stock.
View analyst ratings for Core Scientific
or view top-rated stocks.

What is Core Scientific's stock price forecast for 2022?

6 analysts have issued 1-year price objectives for Core Scientific's shares. Their CORZ stock forecasts range from 3.10 to 15.00. On average, they predict Core Scientific's share price to reach 8.22 in the next year. This suggests a possible upside of 293.3% from the stock's current price.
View analysts' price targets for Core Scientific
or view top-rated stocks among Wall Street analysts.

How has Core Scientific's stock performed in 2022?

Core Scientific's stock was trading at 8.66 at the beginning of the year. Since then, CORZ stock has decreased by 75.9% and is now trading at 2.09.
View the best growth stocks for 2022 here
.

When is Core Scientific's next earnings date?

Core Scientific is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Core Scientific
.

How were Core Scientific's earnings last quarter?

Core Scientific, Inc. (NASDAQ:CORZ) released its quarterly earnings results on Thursday, May, 12th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.18. The business earned $192.52 million during the quarter, compared to analysts' expectations of $164.20 million.
View Core Scientific's earnings history
.

What guidance has Core Scientific issued on next quarter's earnings?

Core Scientific updated its FY 2021 earnings guidance on Monday, April, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $515 million-$545 million, compared to the consensus revenue estimate of $472.58 million.

Who are Core Scientific's key executives?

Core Scientific's management team includes the following people:
  • Mr. Michael Jeffrey Levitt Esq., Co-Founder, Co-Chairman & CEO (Age 64, Pay $46.24k)
  • Mr. Todd M. DuChene, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. (Age 58, Pay $799.51k)
  • Mr. Darin Feinstein, Co-Founder, Chief Vision Officer & Co-Chairman (Age 49)
  • Ms. Denise Sterling, Exec. VP & Chief Financial Officer (Age 57)
  • Mr. Kyle Buckett, Sr. VP of Corp. Operations
  • Mr. Brian Neville, Chief Accounting Officer
  • Mr. Alan Curtis, Exec. VP & CTO
  • Mr. Steven A. Gitlin, Sr. VP of Investor Relations
  • Ms. Sharon Orlopp, Chief HR Officer
  • Mr. Ian Ferreira, Chief Product Officer AI

What is Core Scientific's stock symbol?

Core Scientific trades on the NASDAQ under the ticker symbol "CORZ."

Who are Core Scientific's major shareholders?

Core Scientific's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (1.01%), Vanguard Group Inc. (0.97%), Toroso Investments LLC (0.44%), Invesco Ltd. (0.41%), Charles Schwab Investment Management Inc. (0.36%) and Goldman Sachs Group Inc. (0.00%).
View institutional ownership trends for Core Scientific
.

Which major investors are buying Core Scientific stock?

CORZ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Toroso Investments LLC, Invesco Ltd., Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., Emerald Mutual Fund Advisers Trust, and State Street Corp.
View insider buying and selling activity for Core Scientific
or or view top insider-buying stocks.

How do I buy shares of Core Scientific?

Shares of CORZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Core Scientific's stock price today?

One share of CORZ stock can currently be purchased for approximately 2.09.

How much money does Core Scientific make?

Core Scientific (NASDAQ:CORZ) has a market capitalization of $680.10 million and generates $544.48 million in revenue each year.

How many employees does Core Scientific have?

Core Scientific employs 118 workers across the globe.

How can I contact Core Scientific?

Core Scientific's mailing address is 321 NORTH CLARK STREET SUITE 2440, CHICAGO IL, 60654. The official website for Core Scientific is www.xpdispac.com. The company can be reached via phone at 312-262-5642 or via email at https://investors.corescientific.com.

This page (NASDAQ:CORZ) was last updated on 6/24/2022 by MarketBeat.com Staff

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