Core Scientific (NASDAQ:CORZ) Shares Gap Up to $3.10

Core Scientific, Inc. (NASDAQ:CORZ) shares gapped up before the market opened on Monday . The stock had previously closed at $3.10, but opened at $3.30. Core Scientific shares last traded at $3.17, with a volume of 814,730 shares traded.

Wall Street Analyst Weigh In

CORZ has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price target on shares of Core Scientific in a research note on Wednesday, March 13th. Compass Point upgraded Core Scientific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $1.00 to $8.50 in a report on Wednesday, January 31st.

Core Scientific Stock Performance

The business has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $2.03.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.17). The firm had revenue of $141.93 million during the quarter, compared to analyst estimates of $133.10 million. Equities analysts predict that Core Scientific, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other Core Scientific news, Director Eric Stanton Weiss purchased 15,000 shares of Core Scientific stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $3.03 per share, with a total value of $45,450.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $45,450. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Eric Stanton Weiss acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $3.03 per share, with a total value of $45,450.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $45,450. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Taylor Sullivan acquired 65,300 shares of the company’s stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 93,753 shares in the company, valued at $286,884.18. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On Core Scientific

A hedge fund recently bought a new stake in Core Scientific stock. Hexagon Capital Partners LLC acquired a new stake in Core Scientific, Inc. (NASDAQ:CORZ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,722 shares of the company’s stock, valued at approximately $34,000.

About Core Scientific

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.