In the last trading session, 4.48 million shares of the Cipher Mining Inc (NASDAQ:CIFR) were traded, and its beta was 2.26. Most recently the company’s share price was $3.01, and it changed around -$0.08 or -2.59% from the last close, which brings the market valuation of the company to $990.11M. CIFR currently trades at a discount to its 52-week high of $7.99, offering almost -165.45% off that amount. The share price’s 52-week low was $2.15, which indicates that the current value has risen by an impressive 28.57% since then. We note from Cipher Mining Inc’s average daily trading volume that its 10-day average is 7.4 million shares, with the 3-month average coming to 9.81 million.
Cipher Mining Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended CIFR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR has showed a red trend with a performance of -2.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.21 on recent trading dayincreased the stock’s daily price by 6.23%. The company’s shares are currently down -27.12% year-to-date, but still up 2.03% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -22.02% down in the 30-day period. We can see from the shorts that 21.66 million shares have been sold at a short interest cover period of 2.59 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 59.87% from its current value. Analyst projections state that CIFR is forecast to be at a low of $7 and a high of $9.
Cipher Mining Inc (CIFR) estimates and forecasts
Cipher Mining Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.73 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of 18.00%.
CIFR Dividends
Cipher Mining Inc’s next quarterly earnings report is expected to be released in October.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.96% of Cipher Mining Inc shares, and 29.12% of them are in the hands of institutional investors. The stock currently has a share float of 43.43%. Cipher Mining Inc stock is held by 216.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.3816% of the shares, which is about 13.0 million shares worth $53.94 million.
BLACKROCK INC., with 4.1487% or 12.31 million shares worth $51.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
