The Week Ahead: Are Investors Really Too Optimistic About Cipher Mining Inc (NASDAQ: CIFR)

Cipher Mining Inc (NASDAQ:CIFR) currently has a daily average trading volume of 8.21M but it saw 5393457 shares traded in last market. With a market cap of 1.29B USD, the company’s current market price of $4.16 came rising about 12.13 while comparing to the previous closing price of $3.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.75 and as low as $2.05.

Taking a look at 20-day trading activity of Cipher Mining Inc (CIFR) gives us an average price of $4.06, while its current price level is -27.65% below from 52-week high level whereas it is 102.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.08 while that of 200 days or SMA-200 reads an average of $3.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.64% during that period while stretching the period over a month that increases to 10.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.70 which implies that the stock is in neutral territory.

Compass Point also issued its recommendations for the stock as it initiated the price target for the stock is $4.

Over the week, CIFR’s stock price is moving 10.20% up while it is 23.81% when we observe its performance for the past one month. Year-to-date it is 0.73% up and over the past year, the stock is showing an upside performance of 72.61%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.05 beaten by the consensus estimate of -0.03 for the same. In next quarter, company is expected to be making quarterly sales of $36M as analysts are expecting the sales for current fiscal year at $162.92M and seeing the company making $282.73M in sales next year. Moreover, analysts are in estimates of $38.66M for current-quarter revenue.

Currently, Cipher Mining Inc’s total number of outstanding shares is 290.96M. Company’s return on investment (ROI) stands at 3.36% and return on equity (ROE) at 4.38%. It has a price to earnings ratio (P/E ratio) of 85.95 while having a 15.93 of forward P/E ratio. Stock’s beta reads 2.30. Stock has a price to book (P/B) ratio of 2.12 while price to sale or P/S ratio amounts to 8.43. Its return on asset (ROA) is 3.80% on average.