Cipher Mining Inc (NASDAQ:CIFR)’s traded shares stood at 14.3 million during the last session, with the company’s beta value hitting 2.23. At the close of trading, the stock’s price was $5.15, to imply a decrease of -3.38% or -$0.18 in intraday trading. The CIFR share’s 52-week high remains $5.66, putting it -9.9% down since that peak but still an impressive 65.83% since price per share fell to its 52-week low of $1.76. The company has a valuation of $1.53B, with an average of 13.02 million shares in intraday trading volume over the past 10 days and average of 9.70 million shares over the past 3 months.
Cipher Mining Inc (NASDAQ:CIFR) trade information
After registering a -3.38% downside in the last session, Cipher Mining Inc (CIFR) has traded red over the past five days. The stock hit a weekly high of 5.75, dropping -3.38% in its intraday price action. The 5-day price performance for the stock is 6.63%, and 57.49% over 30 days. With these gigs, the year-to-date price performance is 24.70%. Short interest in Cipher Mining Inc (NASDAQ:CIFR) saw shorts transact 17.46 million shares and set a 1.86 days time to cover.
Cipher Mining Inc (CIFR) estimates and forecasts
Looking at statistics comparing Cipher Mining Inc share performance against respective industry, we note that the company has underperformed competitors. Cipher Mining Inc (CIFR) shares are 122.94% up over the last 6 months, with its year-to-date growth rate lower than industry average at -120.00% against 16.90%. Revenue is forecast to grow 100.00% this quarter before jumping 20.00% for the next one. The rating firms project that company’s revenue will grow 36.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $49.54 million. Meanwhile, for the quarter ending Jun 2024, a total of 5 analyst(s) estimate revenue growth to $39.42 million.Earnings reports from the last fiscal year show that sales brought in $22.94 million and $31.22 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 116.00% before jumping 26.20% in the following quarter.
CIFR Dividends
Cipher Mining Inc has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cipher Mining Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Cipher Mining Inc insiders hold 42.33% of total outstanding shares, with institutional holders owning 12.87% of the shares at 22.32% float percentage. In total, 12.87% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 3.17 million shares (or 1.26% of shares), all amounting to roughly $9.06 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 2.43 million shares, or about 0.97% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $6.96 million.
We also have SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Cipher Mining Inc (CIFR) shares. Going by data provided on Aug 30, 2023, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF holds roughly 1.36 million shares. This is just over 0.54% of the total shares, with a market valuation of $4.35 million. Data from the same date shows that the other fund manager holds a little less at 1.31 million, or 0.52% of the shares, all valued at about 3.74 million.
