Core Scientific (NASDAQ:CORZ – Get Free Report) is one of 109 public companies in the “Nondepository credit institutions” industry, but how does it contrast to its competitors? We will compare Core Scientific to related businesses based on the strength of its dividends, institutional ownership, earnings, valuation, analyst recommendations, profitability and risk.
Analyst Recommendations
This is a summary of recent ratings for Core Scientific and its competitors, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Core Scientific | 0 | 0 | 13 | 1 | 3.07 |
Core Scientific Competitors | 478 | 1811 | 2857 | 106 | 2.49 |
Core Scientific presently has a consensus price target of $18.38, suggesting a potential upside of 3.81%. As a group, “Nondepository credit institutions” companies have a potential downside of 7.14%. Given Core Scientific’s stronger consensus rating and higher probable upside, equities analysts plainly believe Core Scientific is more favorable than its competitors.
Earnings and Valuation
Gross Revenue | Net Income | Price/Earnings Ratio | |
Core Scientific | $557.68 million | N/A | -3.27 |
Core Scientific Competitors | $3.02 billion | $383.60 million | 14.58 |
Core Scientific’s competitors have higher revenue and earnings than Core Scientific. Core Scientific is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Insider & Institutional Ownership
34.3% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 32.0% of Core Scientific shares are held by insiders. Comparatively, 22.8% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Profitability
This table compares Core Scientific and its competitors’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Core Scientific | N/A | N/A | N/A |
Core Scientific Competitors | -91.77% | -84.50% | -4.19% |
Summary
Core Scientific beats its competitors on 8 of the 11 factors compared.
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. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
Receive News & Ratings for Core Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Scientific and related companies with MarketBeat.com's FREE daily email newsletter.