Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Core Scientific Inc (CORZ)
:CORZ
CORZ Stock Chart & Stats
Day’s Range― - ―
52-Week Range$2.61 - $18.63
Previous CloseN/A
Volume3.10M
Average Volume (3M)10.65M
Market Cap
$3.46B
Enterprise Value$3.78B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta3.67
Next Earnings
Apr 01, 2025EPS Estimate
-0.09Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.45
Shares Outstanding279,253,020
10 Day Avg. Volume6,171,035
30 Day Avg. Volume10,650,954
Standard Deviation0.34
R-Squared0.37
Alpha0.04
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.20
Price to Cash Flow (P/CF)151.40
P/FCF Ratio0.00
Enterprise Value/Market Cap1.09
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit30.64
Enterprise Value/Ebitda-3.77
Forecast
1Y Price Target
$21.28Price Target Upside77.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
---
Bulls Say, Bears Say
Bulls Say
Cash Flow And Debt ManagementCore Scientific Inc generated strong free cash flow during the quarter and ended with over $100 million in cash, which was used to reduce debt and invest in data center completion.
Financial PerformanceCore Scientific Inc reported strong 1Q24 results coming in above estimates due to higher hash prices and strong hash rate utilization.
HPC Market ExpansionCore Scientific remains well ahead of peers in transitioning from BTC mining to HPC, while peers face ongoing market share erosion.
Bears Say
Bitcoin Mining ChallengesLower-than-expected BTC production reduced 4Q revenue by ~1% and AEBITDA by ~4%.
Market Valuation ConcernsCore Scientific trades close to Bitcoin mining valuations than data center valuations, despite 70% of its capacity allocated to AI.
Revenue ImpactThe lower base hash rate exiting FY24 flows into FY25, reducing revenue by ~2% and AEBITDA by ~3%.
---
Ownership Overview
2.83% Insiders
7.39% Mutual Funds
42.03% Other Institutional Investors
31.06% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CORZ FAQ
What was Core Scientific Inc’s price range in the past 12 months?
Core Scientific Inc lowest stock price was $2.61 and its highest was $18.63 in the past 12 months.
What is Core Scientific Inc’s market cap?
Core Scientific Inc’s market cap is $3.46B.
When is Core Scientific Inc’s upcoming earnings report date?
Core Scientific Inc’s upcoming earnings report date is Apr 01, 2025 which is in 40 days.
How were Core Scientific Inc’s earnings last quarter?
Core Scientific Inc released its earnings results on Nov 06, 2024. The company reported -$1.557 earnings per share for the quarter, missing the consensus estimate of -$0.093 by -$1.464.
Is Core Scientific Inc overvalued?
According to Wall Street analysts Core Scientific Inc’s price is currently Undervalued.
Does Core Scientific Inc pay dividends?
Core Scientific Inc does not currently pay dividends.
What is Core Scientific Inc’s EPS estimate?
Core Scientific Inc’s EPS estimate is -0.09.
How many shares outstanding does Core Scientific Inc have?
Core Scientific Inc has 279,253,020 shares outstanding.
What happened to Core Scientific Inc’s price movement after its last earnings report?
Core Scientific Inc reported an EPS of -$1.557 in its last earnings report, missing expectations of -$0.093. Following the earnings report the stock price went up 14.864%.
Which hedge fund is a major shareholder of Core Scientific Inc?
Currently, no hedge funds are holding shares in CORZ
---
Core Scientific Inc Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$21.28 (77.04% Upside)
$21.28 (77.04% Upside)
Blogger Sentiment
Bullish
CORZ Sentiment 70%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $11.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 14.1%
Last 30 Days ▲ 14.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
222.25%
12-Months-Change
Fundamentals
Return on Equity
170.71%
Trailing 12-Months
Asset Growth
30.67%
Trailing 12-Months
Company Description
Core Scientific Inc
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services.
---
CORZ Company Deck
---
CORZ Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth and strategic partnerships in the HPC hosting sector, alongside successful financial restructuring. However, these positives were counterbalanced by challenges in the Bitcoin mining segment, including a significant net loss and negative gross margin. The company is positioned for future growth but faces hurdles in mining economics.Read More>---
CORZ Stock 12 Month Forecast
Average Price Target
$21.28
▲(77.04% Upside)
Technical Analysis
Best Analysts Covering CORZ
1 Year
1 Year Success Rate
5/6 ratings generated profit
1 Year Average Return
+123.37%
reiterated a buy rating 4 months ago
Copying Kevin Dede's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +123.37% per trade.
---