In last trading session, Cipher Mining Inc (NASDAQ:CIFR) saw 15.04 million shares changing hands with its beta currently measuring 2.25. Company’s recent per share price level of $5.01 trading at $0.63 or 14.38% at ring of the bell on the day assigns it a market valuation of $1.65B. That closing price of CIFR’s stock is at a discount of -59.48% from its 52-week high price of $7.99 and is indicating a premium of 57.09% from its 52-week low price of $2.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.76 million shares which gives us an average trading volume of 9.47 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 1.27. Splitting up the data highlights that, out of 8 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 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Upright in the green during last session for gaining 14.38%, in the last five days CIFR remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $5.01 price level, adding 0.6% to its value on the day. Cipher Mining Inc’s shares saw a change of 21.31% in year-to-date performance and have moved 32.89% in past 5-day. Cipher Mining Inc (NASDAQ:CIFR) showed a performance of 68.12% in past 30-days. Number of shares sold short was 25.93 million shares which calculate 2.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.5 to the stock, which implies a rise of 33.2% 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 -19.76% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.76% 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 46.49% of value to its shares in past 6 months, showing an annual growth rate of 50.00% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.60% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 29.22M for the same. And 9 analysts are in estimates of company making revenue of 43.9M in the next quarter. Company posted 30.3M and 43.42M of sales in current and next quarters respectively a year earlier.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Insiders are in possession of 32.92% of company’s total shares while institution are holding 29.17 percent of that, with stock having share float percentage of 43.48%. Investors also watch the number of corporate investors in a company very closely, which is 29.17% institutions for Cipher Mining Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CIFR for having 13.0 million shares of worth $53.94 million. And as of 2024-06-30, it was holding 4.3816 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 12.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1487 of outstanding shares, having a total worth of $51.07 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 5.95 shares of worth $29.82 million or 1.78% of the total outstanding shares. The later fund manager was in possession of 4.61 shares on Aug 31, 2024 , making its stake of worth around $23.11 million in the company or a holder of 1.38% of company’s stock.
