Should Investors Trust The Upside Potential In Cipher Mining Inc (CIFR)?

Cipher Mining Inc (NASDAQ:CIFR) currently has a daily average trading volume of 28.05M but it saw 43880108 shares traded in last market. With a market cap of 2.10B USD, the company’s current market price of $6.27 came rising about 5.03 while comparing to the previous closing price of $5.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.99 and as low as $1.86. In the recent trading on the day, stock has struck highest price mark of $6.13 while lowest mark touched by it was $6.56.

Over the week, CIFR’s stock price is moving 0.16% up while it is 68.55% when we observe its performance for the past one month. Year-to-date it is 33.97% up and over the past year, the stock is showing an upside performance of 35.13%.

The company is expected to be releasing its next quarterly report on 2025-May-06, for which analysts forecasted an EPS of 0.06 while estimate for next year EPS is 0.32. In next quarter, company is expected to be making quarterly sales of $77.3M as analysts are expecting the sales for current fiscal year at $279.15M and seeing the company making $411.87M in sales next year. Moreover, analysts are in estimates of $52.7M for current-quarter revenue.

Currently, Cipher Mining Inc’s total number of outstanding shares is 370.86M with 32.81% of that held by the insiders while 77.05% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -16.45% and return on equity (ROE) at -18.49%. Stock’s beta reads 2.73. Stock has a price to book (P/B) ratio of 3.16 while price to sale or P/S ratio amounts to 13.82. Its return on asset (ROA) is -15.53% on average.

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