During the recent session, Cipher Mining Inc (NASDAQ:CIFR)’s traded shares were 3.88 million, with the beta value of the company hitting 2.29. At the last check today, the stock’s price was $3.80, reflecting an intraday gain of 7.51% or $0.27. The 52-week high for the CIFR share is $7.99, that puts it down -110.26 from that peak though still a striking 43.42% gain since the share price plummeted to a 52-week low of $2.15. The company’s market capitalization is $1.25B, and the average intraday trading volume over the past 10 days was 8.98 million shares, and the average trade volume was 10.15 million shares over the past three months.
Cipher Mining Inc (CIFR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.33. CIFR has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Cipher Mining Inc (CIFR) registered a 7.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.51% in intraday trading to $3.80, hitting a weekly high. The stock’s 5-day price performance is 0.13%, and it has moved by -27.44% in 30 days. Based on these gigs, the overall price performance for the year is 10.00%. The short interest in Cipher Mining Inc (NASDAQ:CIFR) is 22.39 million shares and it means that shorts have 2.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies an increase of 49.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $9 respectively. As a result, CIFR is trading at a discount of -136.84% off the target high and -84.21% off the low.
Cipher Mining Inc (CIFR) estimates and forecasts
Statistics show that Cipher Mining Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cipher Mining Inc (CIFR) shares have gone up 28.21% during the last six months, with a year-to-date growth rate more than the industry average at 50.00% against 16.80. In the rating firms’ projections, revenue will increase 25.80% 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 30.21M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 46.06M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 30.3M and 43.42M respectively. In this case, analysts expect current quarter sales to shrink by -0.30% and then jump by 6.10% in the coming quarter.
While earnings are projected to return 33.73% in 2024.
CIFR Dividends
Cipher Mining Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Cipher Mining Inc insiders own 37.73% of total outstanding shares while institutional holders control 30.77%, with the float percentage being 49.41%. VANGUARD GROUP INC is the largest shareholder of the company, while 214.0 institutions own stock in it. As of 2024-06-30, the company held over 13.0 million shares (or 4.3816% of all shares), a total value of $53.94 million in shares.
The next largest institutional holding, with 12.31 million shares, is of BLACKROCK INC.’s that is approximately 4.1487% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $51.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cipher Mining Inc (CIFR) shares are Vanguard Total Stock Market Index Fund and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.14 shares. This amounts to just over 0.95 percent of the company’s overall shares, with a $11.88 million market value. The same data shows that the other fund manager holds slightly less at 2.38, or about 0.72% of the stock, which is worth about $9.01 million.
