Core Scientific Crashes

Shares of Technology sector company Core Scientific moved -8.4% today, and are now trading at a price of $0.08. The small-cap stock's daily volume was 42,085,543 compared to its average volume of 35,433,515. The S&P 500 index returned a -0.3% performance.

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. The company is based in Austin and has 205 full time employees. Its market capitalization is $28,127,052.

3 analysts are following Core Scientific and have set target prices ranging from $0.22 to $0.5 per share. On average, they have given the company a rating of hold. At today's prices, CORZ is trading -76.53% away from its average analyst target price of $0.32 per share.

Over the last year, CORZ shares have gone down by -99.3%, which represents a difference of -79.3% when compared to the S&P 500. The stock's 52 week high is $11.49 per share and its 52 week low is $0.05. Core Scientific has averaged free cash flows of $-141,408,151.3 over the last four years, with a mean growth rate of -395.5%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2021-12-31 -2 -345 -347 -789.39
2020-12-31 -24 -15 -39 -1.69
2019-12-31 -1 -38 -38 n/a
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