Cipher Mining Inc (CIFR): Uncovering A True Diamond In The Rough

Cipher Mining Inc (NASDAQ:CIFR) currently has a daily average trading volume of 13.38M but it saw 11856327 shares traded in last market. With a market cap of 1.11B USD, the company’s current market price of $3.06 came rising about 6.62 while comparing to the previous closing price of $2.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.99 and as low as $2.65. In the recent trading on the day, stock has struck highest price mark of $2.88 while lowest mark touched by it was $3.175.

Taking a look at 20-day trading activity of Cipher Mining Inc (CIFR) gives us an average price of $3.84, while its current price level is -61.70% below from 52-week high level whereas it is 15.25% 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 $4.81 while that of 200 days or SMA-200 reads an average of $4.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.38% during that period while stretching the period over a month that increases to 12.82%. 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 33.45 which implies that the stock is in neutral territory.

Over the week, CIFR’s stock price is moving -4.38% down while it is -48.14% when we observe its performance for the past one month. Year-to-date it is -34.05% down and over the past year, the stock is showing a downside performance of -13.31%.

Currently, Cipher Mining Inc’s total number of outstanding shares is 350.78M. Company’s return on investment (ROI) stands at -6.38% and return on equity (ROE) at -7.61%. Stock’s beta reads 2.57. Stock has a price to book (P/B) ratio of 1.57 while price to sale or P/S ratio amounts to 7.31. Its return on asset (ROA) is -6.01% on average.