During the last session, Cipher Mining Inc (NASDAQ:CIFR)’s traded shares were 4.93 million, with the beta value of the company hitting 2.24. At the end of the trading day, the stock’s price was $4.64, reflecting an intraday loss of -3.53% or -$0.17. The 52-week high for the CIFR share is $5.75, that puts it down -23.92 from that peak though still a striking 62.07% gain since the share price plummeted to a 52-week low of $1.76. The company’s market capitalization is $1.38B, and the average trade volume was 8.92 million shares over the past three months.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Cipher Mining Inc (CIFR) registered a -3.53% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.53% in intraday trading to $4.64, hitting a weekly high. The stock’s 5-day price performance is 35.67%, and it has moved by -11.79% in 30 days. Based on these gigs, the overall price performance for the year is 123.08%.
Cipher Mining Inc (CIFR) estimates and forecasts
Statistics show that Cipher Mining Inc has underperformed its competitors in share price, compared to the industry in which it operates. Cipher Mining Inc (CIFR) shares have gone up 73.78% during the last six months, with a year-to-date growth rate less than the industry average at -50.00% against 18.50. In the rating firms’ projections, revenue will increase 32.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 50.75M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 40M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.94M and 31.22M respectively. In this case, analysts expect current quarter sales to grow by 121.20% and then jump by 28.10% in the coming quarter.
While earnings are projected to return -2.61% in 2024.
CIFR Dividends
Cipher Mining Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
