How are energy investors positioned?
Levy Jordan, a director at Core Scientific, Inc. (NASDAQ:CORZ), has made a significant purchase of the company’s common stock amid the company’s recent 26.7% decline over the past week. According to a recent SEC filing, Jordan acquired 62,500 shares on March 6, 2025, at a weighted average price of $8.0081 per share. This transaction, which totals approximately $500,506, reflects a range of prices from $7.995 to $8.02 per share. InvestingPro analysis suggests the stock is currently in oversold territory, with analyst price targets ranging from $17 to $24.
Following this acquisition, Jordan now holds a total of 306,887 shares directly in Core Scientific. This move comes as part of his ongoing involvement with the company, which operates in the finance services sector, focusing on crypto assets. With a market capitalization of $2.82 billion and a strong current ratio of 6.72, InvestingPro data shows the company maintains solid liquidity despite recent market volatility. For deeper insights into CORZ’s valuation and future prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Core Scientific Inc . reported a challenging fourth quarter of 2024 with a 33% year-over-year decrease in total revenue to $94.9 million, and a widened net loss of $265 million compared to the previous year. The company mined significantly fewer Bitcoins, with output dropping from 3,042 in the previous year to just 9.74 in Q4 2024. Despite these setbacks, Core Scientific managed to reduce its debt by $270 million through Chapter 11 restructuring and ended the year with over $830 million in cash. Cantor Fitzgerald analyst Brett Knoblauch adjusted the company’s price target to $20.00 from $21.00, citing the recent decrease in Bitcoin mining productivity, while maintaining an Overweight rating. Additionally, Core Scientific appointed Jim Nygaard as the new Chief Financial Officer, bringing extensive experience in mergers and acquisitions. The company is expanding its operations to support AI-related workloads, with new developments in its data centers across the United States. These changes reflect Core Scientific’s efforts to diversify its portfolio and enhance its infrastructure capabilities.
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