Cipher Mining Inc (NASDAQ:CIFR) has a beta value of 2.26 and has seen 7.35 million shares traded in the last trading session. The company, currently valued at $1.38B, closed the last trade at $4.19 per share which meant it gained $0.52 on the day or 14.17% during that session. The CIFR stock price is -90.69% off its 52-week high price of $7.99 and 48.69% above the 52-week low of $2.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.58 million shares traded. The 3-month trading volume is 9.52 million shares.
The consensus among analysts is that Cipher Mining Inc (CIFR) is Buy stock at the moment, with a recommendation rating of 1.27. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Sporting 14.17% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CIFR stock price touched $4.19 or saw a rise of 0.24%. Year-to-date, Cipher Mining Inc shares have moved 1.45%, while the 5-day performance has seen it change 2.20%. Over the past 30 days, the shares of Cipher Mining Inc (NASDAQ:CIFR) have changed 35.60%. Short interest in the company has seen 25.93 million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 44.13% from current levels. The projected low price target is $6.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -114.8% off the targeted high while a plunge would see the stock gain -43.2% from current levels.
Cipher Mining Inc (CIFR) estimates and forecasts
Figures show that Cipher Mining Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 9.54% over the past 6 months, with this year growth rate of 50.00%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be 24.60%.
9 analysts offering their estimates for the company have set an average revenue estimate of 29.22M for the current quarter. 9 have an estimated revenue figure of 43.9M for the next ending quarter. Year-ago sales stood 30.3M and 43.42M respectively for this quarter and the next, and analysts expect sales will shrink by -3.60% for the current quarter and 24.60% for the next.
CIFR Dividends
Cipher Mining Inc is expected to release its next earnings report on 2024-Nov-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Insiders own 32.92% of the company shares, while shares held by institutions stand at 29.22% with a share float percentage of 43.57%. Investors are also buoyed by the number of investors in a company, with Cipher Mining Inc having a total of 221.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.0 million shares worth more than $53.94 million. As of 2024-06-30, VANGUARD GROUP INC held 4.3816% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 12.31 million shares as of 2024-06-30. The firm’s total holdings are worth over $51.07 million and represent 4.1487% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 1.78% shares in the company for having 5.95 shares of worth $24.94 million while later fund manager owns 4.61 shares of worth $19.33 million as of Aug 31, 2024 , which makes it owner of about 1.38% of company’s outstanding stock.
