NASDAQ:CORZ Core Scientific Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Core Scientific, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 2.09 +0.04 (+1.95%) (As of 06/24/2022 04:00 PM ET) Add Compare Share Today's Range1.98▼2.2350-Day Range2.02▼7.7252-Week Range1.91▼14.98Volume26.49 million shsAverage Volume3.09 million shsMarket Capitalization$680.10 millionP/E RatioN/ADividend YieldN/APrice Target11.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CORZ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Core Scientific and its competitors with MarketBeat's FREE daily newsletter. Email Address CORZ Stock Forecast (MarketRank)Overall MarketRank™2.51 out of 5 starsBusiness Services Sector69th out of 469 stocksData Processing & Preparation Industry9th out of 113 stocksAnalyst Opinion: 4.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 - 4.5 Analyst's Opinion Consensus RatingCore Scientific has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of 8.22, Core Scientific has a forecasted upside of 293.3% from its current price of 2.09.Amount of Analyst CoverageCore Scientific has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.1 Community Rank Outperform VotesCore Scientific has received 7 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCore Scientific has received 8 “underperform” votes. (Add your “underperform” vote.)Community SentimentCore Scientific has received 53.33% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Core Scientific and other stocks. Vote “Outperform” if you believe CORZ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CORZ will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldCore Scientific does not currently pay a dividend.Dividend GrowthCore Scientific does not have a long track record of dividend growth. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Core Scientific insiders have sold more of their company's stock than they have bought. Specifically, they have bought 0.00 in company stock and sold 7,303,137.00 in company stock.Percentage Held by Insiders32.00% of the stock of Core Scientific is held by insiders. A high percentage of insider ownership can be a sign of company health. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Core Scientific are expected to grow by 65.43% in the coming year, from 0.81 to 1.34 per share.Price to Book Value per Share RatioCore Scientific has a P/B Ratio of 0.06. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More CORZ Stock News HeadlinesJune 24, 2022 | americanbankingnews.comReviewing Core Scientific (NASDAQ:CORZ) & SciPlay (NASDAQ:SCPL)June 19, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Sees Large Volume IncreaseJune 17, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Stock Price Up 7.5%June 16, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Hits New 12-Month Low at $1.97June 13, 2022 | americanbankingnews.comCore Scientific, Inc. (NASDAQ:CORZ) Receives 11.75 Consensus Target Price from AnalystsJune 12, 2022 | finance.yahoo.comWhat Is The Ownership Structure Like For Core Scientific, Inc. (NASDAQ:CORZ)?June 8, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Shares Gap Up to $2.78June 8, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Reaches New 52-Week Low at $2.35June 8, 2022 | americanbankingnews.comCore Scientific (NASDAQ:CORZ) Stock Price Down 5.1% After Insider SellingJune 7, 2022 | americanbankingnews.comCore Scientific, Inc. (NASDAQ:CORZ) Insider Darin Feinstein Sells 500,000 Shares of StockJune 6, 2022 | tmcnet.comCore Scientific Announces May UpdatesJune 6, 2022 | finance.yahoo.comCORRECTING and REPLACING Core Scientific Announces May UpdatesJune 5, 2022 | americanbankingnews.comChardan Capital Initiates Coverage on Core Scientific (NASDAQ:CORZ)See More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CORZ CUSIPN/A CIK1839341 Webwww.xpdispac.com Phone312-262-5642FaxN/AEmployees118Year FoundedN/ACompany Calendar Last Earnings5/12/2022Today6/24/2022Next Earnings (Estimated)8/11/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast8.22 High Stock Price Forecast15.00 Low Stock Price Forecast3.10 Forecasted Upside/Downside+462.2%Consensus RatingBuy Rating Score (0-4)3 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-32.50 million Net MarginsN/A Pretax Margin-334.95% Return on Equity16.79% Return on Assets6.10% Debt Debt-to-Equity Ratio0.98 Current Ratio1.95 Quick Ratio1.95 Sales & Book Value Annual Sales$544.48 million Price / Sales1.25 Cash Flow10.45 per share Price / Cash Flow0.20 Book Value32.56 per share Price / Book0.06Miscellaneous Outstanding Shares325,405,000Free Float221,275,000Market Cap$680.10 million OptionableOptionable Beta1.72 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. OperationsMr. Brian Neville, Chief Accounting OfficerMr. Alan Curtis, Exec. VP & CTOMr. Steven A. Gitlin, Sr. VP of Investor RelationsMs. Sharon Orlopp, Chief HR OfficerMr. Ian Ferreira, Chief Product Officer AI Who are some of Core Scientific's key competitors? Some companies that are related to Core Scientific include EVERTEC (EVTC), ironSource (IS), JOYY (YY), E2open Parent (ETWO), LegalZoom.com (LZ), LiveRamp (RAMP), LiveRamp (RAMP), Shutterstock (SSTK), CSG Systems International (CSGS), SciPlay (SCPL), TaskUs (TASK), Sterling Check (STER), Computer Services (CSVI), Global Blue Group (GB) and PropertyGuru (PGRU). View all of CORZ's competitors. 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 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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