Cipher Mining Inc (NASDAQ:CIFR) has a beta value of 2.19 and has seen 12.9 million shares traded in the last trading session. The company, currently valued at $1.94B, closed the last trade at $5.25 per share which meant it gained $0.32 on the day or 6.49% during that session. The CIFR stock price is -52.19% off its 52-week high price of $7.99 and 59.05% 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 10.79 million shares traded. The 3-month trading volume is 9.48 million shares.
The consensus among analysts is that Cipher Mining Inc (CIFR) is Buy stock at the moment, with a recommendation rating of 1.20. 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 -0.04.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Sporting 6.49% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CIFR stock price touched $5.25 or saw a rise of 10.26%. Year-to-date, Cipher Mining Inc shares have moved 27.12%, while the 5-day performance has seen it change -3.85%. Over the past 30 days, the shares of Cipher Mining Inc (NASDAQ:CIFR) have changed 37.43%. Short interest in the company has seen 23.3 million shares shorted with days to cover at 2.22.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 30.0% 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 -71.43% off the targeted high while a plunge would see the stock gain -14.29% 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 26.81% over the past 6 months, with this year growth rate of 40.00%, compared to 18.80% for the industry. Revenue growth from the last financial year stood is estimated to be 20.70%.
9 analysts offering their estimates for the company have set an average revenue estimate of 42.08M for the current quarter. 8 have an estimated revenue figure of 56.87M for the next ending quarter. Year-ago sales stood 43.42M and 50.75M respectively for this quarter and the next, and analysts expect sales will shrink by -3.10% for the current quarter and 20.70% for the next.
CIFR Dividends
Cipher Mining Inc is expected to release its next earnings report in December 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 30.85% of the company shares, while shares held by institutions stand at 28.67% with a share float percentage of 41.46%. Investors are also buoyed by the number of investors in a company, with Cipher Mining Inc having a total of 229.0 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.
