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Core Scientific, Inc. (CORZ) Stock Analysis

SellVALUE-TRAP 1/5Moderate Confidence

Technology · Software - Infrastructure

Sell if holding. Engine safety override at $23.09: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: High short interest: 23%; Elevated put/call ratio: 1.49; Below-average business quality.

Core Scientific designs, builds, and operates large-scale purpose-built data centers across 7 US states (~920 MW leasable capacity), transitioning from bitcoin self-mining to high-density AI/HPC colocation. In 2025, majority of revenue was from self-mined bitcoin; CoreWeave... Read more

$23.09+12.7% A.UpsideScore 4.9/10#68 of 78 Software - Infrastructure
QualityF-score4 / 9FCF yield2.40%
Stop $21.38Target $25.90(analyst − 13%)A.R:R 0.8:1
Analyst target$29.77+28.9%14 analysts
$25.90our TP
$23.09price
$29.77mean
$37

Sell if holding. Engine safety override at $23.09: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: High short interest: 23%; Elevated put/call ratio: 1.49; Below-average business quality. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 4.9/10, moderate confidence.

Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 79d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.

Val3.3Qual1.8Grw10.0Mom3.4Sent7.5Ins5.0Peer4.9Tech5.2Risk2.04.9OVERALL

Recent Developments — Core Scientific, Inc.

Material events (past 30 days)

  • May 6, 2026 MEDIUM Item 1.02: Core Scientific Finance I LLC terminated prior debt agreements and completed $3.3B 7.750% Senior Secured Notes due 2031 on May 6, 2026 via Rule 144A/Reg S at 99.25% of par. Proceeds used to refinance existing indebtedness.

Latest news

Generated 2026-05-20T21:06:21Z.

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Customer: CoreWeave (single HPC colocation customer)
Concentration risk — Supplier: Bitmain Technologies Limited
Quality below floor (1.8 < 4.0)

Key Metrics

P/E (TTM)—
P/E (Fwd)72.8
Mkt Cap$7.3B
EV/EBITDA-87.2
Profit Mgn0.0%
ROE—
Rev Growth44.9%
Beta5.45
DividendNone
Rating analysts25

Quality Signals

Piotroski F4/9MoatNarrow

Options Flow

P/C1.49bearish
IV86%elevated
Max Pain$18-24.2% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHCustomerCoreWeave (single HPC colocation customer)
    10-K Item 1A: 'Currently our high-density colocation business is highly dependent on a single customer.'
  • HIGHSupplierBitmain Technologies Limited
    10-K Item 1: 'Historically, we have sourced substantially all of our miners from Bitmain Technologies Limited (“Bitmain”), one of the leading manufacturers of digital asset mining equipment.'

Material Events(8-K, last 90d)

  • 2026-05-06Item 1.02MEDIUM
    Core Scientific Finance I LLC terminated prior debt agreements and completed $3.3B 7.750% Senior Secured Notes due 2031 on May 6, 2026 via Rule 144A/Reg S at 99.25% of par. Proceeds used to refinance existing indebtedness.
    SEC filing →
  • 2026-03-02Item 4.02HIGH
    Audit Committee determined non-reliance on previously issued financial statements for Q2 2024 (June 30, 2024) and Q3 2024 (September 30, 2024). Restatement scope covers both interim periods; detailed in accompanying press release.
    SEC filing →
  • 2026-05-05Item 5.02LOW
    Jorge Ray appointed Principal Accounting Officer effective May 7, 2026. Currently serving as Chief Accounting Officer since March 2026; previously Controller at Raymond James Financial and CAO at BankUnited. No departures noted.
    SEC filing →
  • 2026-02-18Item 5.02LOW
    Board appointments associated with cooperation agreement with Two Seas Capital LP signed Feb 18, 2026: company agreed to appoint three independent directors (one before March 15, 2026; one before/at 2026 Annual Meeting; one before 2027 Annual Meeting), in consultation with Two Seas.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

4 floor-breakers·1 ceiling hit

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Roa
0.0
Operating Margin
0.0
Net Margin
0.0
Gross Margin
0.3
Current Ratio
2.2
Piotroski F
4.4
Moat
5.5
Quality concerns

Volatile — 7.2% daily ATR makes tight stops impractical. Position-size conservatively.static

Short Interest
0.0
Volatility
0.0
Implied Vol
0.0
Max Pain Risk
3.0
Put Call
3.4
Days To Cover
5.8
High short interest: 23%High IV: 86%Above max pain $18Concentration risks: 2 HIGH (10-K Item 1A — sized via position_sizing, validated via buy_confidence)

Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static

Ps
0.0
Forward Pe
1.3
Analyst Target
6.0
Peg Ratio
9.0
Forward P/E: 72.8xPEG: 0.67

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Volume
0.0
Obv
1.0
Macd
2.2
Rsi
5.0
Ma Position
9.0
Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 3.4<4.5A.R:R 0.8 < 1.5@spotInsider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 79d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
63 · Neutral
↑ 20D MA↑ 50D MA↑ 200D MAGOLDEN CROSSSupport $19.20Resistance $25.17

Price Targets

$21
$26
A.Upside+12.2%
A.R:R0.8:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (1.8 < 4.0)
! Momentum score 3.4/10 — below 4.5 minimum
! Reward/Risk 0.8:1 at current price — below 1.5:1 minimum

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-08-07 (79d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is CORZ stock a buy right now?

Sell if holding. Engine safety override at $23.09: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10. Specifically: High short interest: 23%; Elevated put/call ratio: 1.49; Below-average business quality. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $21.38. Score 4.9/10, moderate confidence.

What is the CORZ stock price target?

Take-profit target: $25.90 (+12.7% upside). Prior stop was $21.38. Stop-loss: $21.38.

What are the risks of investing in CORZ?

Concentration risk — Customer: CoreWeave (single HPC colocation customer); Concentration risk — Supplier: Bitmain Technologies Limited; Quality below floor (1.8 < 4.0).

Is CORZ overvalued or undervalued?

Core Scientific, Inc. trades at a P/E of N/A (forward 72.8). TrendMatrix value score: 3.3/10. Verdict: Sell.

What do analysts say about CORZ?

25 analysts cover CORZ with a consensus score of 4.2/5. Average price target: $30.

What does Core Scientific, Inc. do?Core Scientific designs, builds, and operates large-scale purpose-built data centers across 7 US states (~920 MW...

Core Scientific designs, builds, and operates large-scale purpose-built data centers across 7 US states (~920 MW leasable capacity), transitioning from bitcoin self-mining to high-density AI/HPC colocation. In 2025, majority of revenue was from self-mined bitcoin; CoreWeave contracted for ~590 MW and is the company's only significant HPC colocation customer; miners sourced substantially all from Bitmain.

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