Cipher Mining Inc (NASDAQ: CIFR) Recovers 21.56% From 52-Week Low, Is CIFR Still A High-Risk, High-Reward Play?

Cipher Mining Inc (NASDAQ:CIFR) currently has a daily average trading volume of 13.55M but it saw 13027005 shares traded in last market. With a market cap of 958.05M USD, the company’s current market price of $2.65 came rising about 7.72 while comparing to the previous closing price of $2.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.99 and as low as $2.18. In the recent trading on the day, stock has struck highest price mark of $2.35 while lowest mark touched by it was $2.65.

Taking a look at 20-day trading activity of Cipher Mining Inc (CIFR) gives us an average price of $2.97, while its current price level is -66.83% below from 52-week high level whereas it is 21.56% 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 $4.31 while that of 200 days or SMA-200 reads an average of $4.78. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.92% during that period while stretching the period over a month that increases to 9.95%. 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 36.90 which implies that the stock is in neutral territory.

Over the week, CIFR’s stock price is moving -1.12% down while it is -29.33% when we observe its performance for the past one month. Year-to-date it is -42.89% down and over the past year, the stock is showing a downside performance of -45.70%.

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%. It has a 350.07 of forward P/E ratio. Stock’s beta reads 2.66. Stock has a price to book (P/B) ratio of 1.36 while price to sale or P/S ratio amounts to 6.33. Its return on asset (ROA) is -6.01% on average.