Cipher Mining Inc (NASDAQ: CIFR) Stock: Does It Mean Opportunity?

In the last trading session, 8.22 million shares of the Cipher Mining Inc (NASDAQ:CIFR) were traded, and its beta was 2.34. Most recently the company’s share price was $3.84, and it changed around $0.16 or 4.35% from the last close, which brings the market valuation of the company to $1.14B. CIFR currently trades at a discount to its 52-week high of $5.75, offering almost -49.74% off that amount. The share price’s 52-week low was $1.76, which indicates that the current value has risen by an impressive 54.17% since then. We note from Cipher Mining Inc’s average daily trading volume that its 3-month average coming to 8.93 million.

Cipher Mining Inc (NASDAQ:CIFR) trade information

Instantly CIFR has showed a green trend with a performance of 4.35% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -7.02% year-to-date, but still up 0.39% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -15.60% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to decrease their stock price by -28.0% from its current value. Analyst projections state that CIFR is forecast to be at a low of $3 and a high of $3.

Cipher Mining Inc (CIFR) estimates and forecasts

Cipher Mining Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.01 percent over the past six months and at a -50.00% annual growth rate that is well below the industry average of 18.30%.

CIFR Dividends

Cipher Mining Inc’s next quarterly earnings report is expected to be released in May.