CORZ Core Scientific, Inc.
Core Scientific, Inc. (CORZ) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NASDAQ. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Broken down below
Price has closed below the channel. Support has failed — treat the buy target with caution.
Read from the last 2 years of history we hold: rising, drifting +44% a year. The target of US$29.54 is below the nearest ceiling (US$32.77), so it does not depend on a breakout. What would overturn this: a close below US$20.02 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 2 years read from
- US$20.02 – US$32.77 Rising channel, +44% a year
- Position in that channel
- -24% below the floor of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -45% from US$29.1718 June 2026 → 15 Sept 2026
- Whose problem it was
- This company1 of 12 Software - Infrastructure peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 0%of what it lost
- What the record says
- 93% of 13 comparable falls came back, typically in 136 days measured on its own peer group
The trend broke in June 2026: price fell 45% from 29.17 to 16.07 by September 2026, and has regained 0% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. Falls like it have resolved: falls of about 45% here have come back to the old high 93% of the time (13 comparable falls), typically in 136 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 29.54 within 135 days, reached 93% of the time in 13 comparable falls — about 0.62% a day held.
The buy and sell prices below are priced off this recovery rather than off the channel: it is the better expected return per day held once each is charged for the odds of working.
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (2 years)
- Lower trend line (2 years)
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$16.07
level as at 16 Sept 2026
Our target
US$29.54
by 29 Jan 2027
Projected move
83.8%
gross, before costs
Price sits between our buy level and our target.
The trend broke in June 2026: price fell 45% from 29.17 to 16.07 by September 2026, and has regained 0% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. Falls like it have resolved: falls of about 45% here have come back to the old high 93% of the time (13 comparable falls), typically in 136 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 29.54 within 135 days, reached 93% of the time in 13 comparable falls — about 0.62% a day held. The entry is today's price, not a dip level: the fall is behind it and the evidence measured is what these recoveries paid from here, so waiting for a lower entry would be waiting for something the record does not say is coming. Of 13 comparable falls in Software - Infrastructure, 93% were back at the old high within 136 days of the low, and the ones that got there gave up about 13% along the way — so expect to be underwater before it works. The target is the median level they regained, which is short of the old high of 29.17 because not all of them saw it again. It is a prediction and it is revised the same way any other is: if price loses its 50-day trend and stays below it, the recovery is treated as failed rather than delayed.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 32%
- Fitted
- 16 Sept 2026
About Core Scientific, Inc.
Core Scientific, Inc. is a North American enterprise primarily engaged in operating facilities for digital asset mining and providing colocation services for distributed ledger technology. The company actively mines various digital currencies for its proprietary accounts, leveraging specialized computing hardware within its owned and operated data centers to process transactions on blockchain networks in exchange for digital asset rewards. Concurrently, it extends hosting and colocation capabilities to other significant participants in the digital asset mining sector. Beyond these core operations, Core Scientific provides a suite of blockchain infrastructure and software solutions. Its development efforts encompass blockchain-based platforms and applications aimed at areas such as infrastructure management, enhanced security, mining optimization, and robust recordkeeping. Its operational framework is structured into two principal divisions: Equipment Sales and Hosting. The corporate headquarters are situated in Austin, Texas. However, a significant development occurred on December 21, 2022, when Core Scientific, Inc. initiated voluntary reorganization proceedings under Chapter 11 of the U.S. Bankruptcy Code, filing with the U.S. Bankruptcy Court for the Southern District of Texas.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Adam Sullivan
- Employees
- 325
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$5.58B
- Enterprise value
- —
- Beta
- 5.49
- Avg volume
- 13.19M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 13.355-30.46
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.