Core Scientific (NASDAQ:CORZ) Sees Unusually-High Trading Volume

Core Scientific, Inc. (NASDAQ:CORZGet Free Report) shares saw strong trading volume on Tuesday . 3,845,984 shares changed hands during trading, an increase of 13% from the previous session’s volume of 3,396,500 shares.The stock last traded at $4.98 and had previously closed at $4.82.

Wall Street Analysts Forecast Growth

CORZ has been the topic of a number of research reports. BTIG Research upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday. Compass Point upgraded Core Scientific from a “neutral” rating to a “buy” rating and increased their price target for the stock from $1.00 to $8.50 in a research report on Wednesday, January 31st. Finally, HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of Core Scientific in a research report on Wednesday, March 13th.

Check Out Our Latest Report on Core Scientific

Core Scientific Price Performance

The business has a fifty day moving average of $3.53 and a 200-day moving average of $2.59.

Core Scientific (NASDAQ:CORZGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The business had revenue of $179.29 million during the quarter, compared to the consensus estimate of $139.60 million. On average, analysts anticipate that Core Scientific, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Scientific

In other news, CEO Adam Taylor Sullivan purchased 65,300 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $3.06 per share, with a total value of $199,818.00. Following the purchase, the chief executive officer now owns 93,753 shares in the company, valued at approximately $286,884.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Taylor Sullivan purchased 65,300 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $3.06 per share, with a total value of $199,818.00. Following the purchase, the chief executive officer now owns 93,753 shares in the company, valued at approximately $286,884.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Stanton Weiss purchased 15,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $3.03 per share, with a total value of $45,450.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $45,450. The disclosure for this purchase can be found here. 32.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Core Scientific

Several large investors have recently modified their holdings of CORZ. Aspect Partners LLC bought a new stake in shares of Core Scientific during the 1st quarter worth $29,000. Hexagon Capital Partners LLC acquired a new stake in shares of Core Scientific in the first quarter worth $34,000. Lindbrook Capital LLC purchased a new position in shares of Core Scientific during the first quarter valued at $65,000. Fiduciary Alliance LLC acquired a new position in Core Scientific during the first quarter valued at $84,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Core Scientific in the 1st quarter worth about $122,000.

Core Scientific Company Profile

(Get Free Report)

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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