In last trading session, Cipher Mining Inc (NASDAQ:CIFR) saw 5.83 million shares changing hands with its beta currently measuring 2.29. Company’s recent per share price level of $4.61 trading at $0.03 or 0.66% at ring of the bell on the day assigns it a market valuation of $1.43B. That closing price of CIFR’s stock is at a discount of -27.77% from its 52-week high price of $5.89 and is indicating a premium of 53.36% from its 52-week low price of $2.15. Taking a look at company’s average trading volume volume of 8.21 million if we extend that period to 3-months.
For Cipher Mining Inc (CIFR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.29. Splitting up the data highlights that, out of 9 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Upright in the green during last session for gaining 0.66%, in the last five days CIFR remained trading in the green while hitting it’s week-highest on Tuesday, 07/02/24 when the stock touched $4.61 price level, adding 4.55% to its value on the day. Cipher Mining Inc’s shares saw a change of 11.62% in year-to-date performance and have moved 9.50% in past 5-day. Cipher Mining Inc (NASDAQ:CIFR) showed a performance of 26.65% in past 30-days.
Wall Street analysts have assigned a consensus price target of 7.5 to the stock, which implies a rise of 38.53% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -30.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -30.15% for stock’s current value.
Cipher Mining Inc (CIFR) estimates and forecasts
Statistics highlight that Cipher Mining Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 11.62% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 14.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
CIFR Dividends
Cipher Mining Inc is more likely to be releasing its next quarterly report in August 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.
