Cipher Mining Inc (NASDAQ:CIFR) currently has a daily average trading volume of 10.70M but it saw 6305529 shares traded in last market. With a market cap of 1.82B USD, the company’s current market price of $5.24 came rising about 5.86 while comparing to the previous closing price of $4.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.99 and as low as $2.15. In the recent trading on the day, stock has struck highest price mark of $5.07 while lowest mark touched by it was $5.41.
Taking a look at 20-day trading activity of Cipher Mining Inc (CIFR) gives us an average price of $5.46, while its current price level is -34.42% below from 52-week high level whereas it is 143.16% 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 $6.06 while that of 200 days or SMA-200 reads an average of $4.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.50% during that period while stretching the period over a month that increases to 9.85%. 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 46.72 which implies that the stock is in neutral territory.
JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on December 10, 2024 while assigning a price target of $8. Northland Capital also issued its recommendations for the stock as it initiated the price target for the stock is $6.
Over the week, CIFR’s stock price is moving -2.78% down while it is -19.26% when we observe its performance for the past one month. Year-to-date it is 12.93% up and over the past year, the stock is showing an upside performance of 60.74%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0.04 while estimate for next year EPS is 0.22. In next quarter, company is expected to be making quarterly sales of $54.52M as analysts are expecting the sales for current fiscal year at $149.36M and seeing the company making $297.81M in sales next year. Moreover, analysts are in estimates of $40.33M for current-quarter revenue.
Currently, Cipher Mining Inc’s total number of outstanding shares is 347.80M with 31.37% of that held by the insiders while 32.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -7.38% and return on equity (ROE) at -10.03%. Stock’s beta reads 2.38. Stock has a price to book (P/B) ratio of 2.71 while price to sale or P/S ratio amounts to 11.95. Its return on asset (ROA) is -8.54% on average.
