In last trading session, Cipher Mining Inc (NASDAQ:CIFR) saw 5.92 million shares changing hands with its beta currently measuring 2.26. Company’s recent per share price level of $4.21 trading at $0.01 or 0.24% at ring of the bell on the day assigns it a market valuation of $1.25B. That closing price of CIFR’s stock is at a discount of -36.58% from its 52-week high price of $5.75 and is indicating a premium of 58.19% from its 52-week low price of $1.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.7 million shares which gives us an average trading volume of 9.14 million if we extend that period to 3-months.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Upright in the green during last session for gaining 0.24%, in the last five days CIFR remained trading in the red while hitting it’s week-highest on Thursday, 04/04/24 when the stock touched $4.21 price level, adding 8.28% to its value on the day. Cipher Mining Inc’s shares saw a change of 1.94% in year-to-date performance and have moved -3.22% in past 5-day. Cipher Mining Inc (NASDAQ:CIFR) showed a performance of 33.23% in past 30-days. Number of shares sold short was 17.46 million shares which calculate 1.86 days to cover the short interests.
Cipher Mining Inc (CIFR) estimates and forecasts
Statistics highlight that Cipher Mining Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 65.10% of value to its shares in past 6 months, showing an annual growth rate of -120.00% while that of industry is 17.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 133.30% in the current quarter and calculating 20.00% increase in the next quarter. This year revenue growth is estimated to rise 33.30% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $49.93 million for the same. And 6 analysts are in estimates of company making revenue of $39.04 million in the next quarter that will end on Jun 2024. Company posted $22.94 million and $31.22 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 117.70% while estimating it to be 25.00% for the next quarter.
CIFR Dividends
Cipher Mining Inc is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Insiders are in possession of 42.33% of company’s total shares while institution are holding 12.87 percent of that, with stock having share float percentage of 22.32%. Investors also watch the number of corporate investors in a company very closely, which is 12.87% institutions for Cipher Mining Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at CIFR for having 3.17 million shares of worth $9.06 million. And as of Jun 29, 2023, it was holding 1.26% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 2.43 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.97% of outstanding shares, having a total worth of $6.96 million.
On the other hand, SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 1.36 million shares of worth $4.35 million or 0.54% of the total outstanding shares. The later fund manager was in possession of 1.31 million shares on Jun 29, 2023, making its stake of worth around $3.74 million in the company or a holder of 0.52% of company’s stock.
