Cipher Mining Inc (NASDAQ:CIFR) has a beta value of 2.29 and has seen 8.81 million shares traded in the last trading session. The company, currently valued at $2.46B, closed the last trade at $6.45 per share which meant it lost -$0.33 on the day or -4.87% during that session. The CIFR stock price is -23.88% off its 52-week high price of $7.99 and 66.67% 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 10.07 million shares traded. The 3-month trading volume is 10.43 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 0.05.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
Sporting -4.87% in the red 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 $6.45 or saw a rise of 8.51%. Year-to-date, Cipher Mining Inc shares have moved 56.17%, while the 5-day performance has seen it change -1.23%. Over the past 30 days, the shares of Cipher Mining Inc (NASDAQ:CIFR) have changed 18.13%. Short interest in the company has seen 24.14 million shares shorted with days to cover at 2.56.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 14.0% 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 -39.53% off the targeted high while a plunge would see the stock lose 6.98% from current levels.
Cipher Mining Inc (CIFR) estimates and forecasts
Figures show that Cipher Mining Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 61.25% over the past 6 months, with this year growth rate of -80.00%, compared to 18.50% for the industry. Revenue growth from the last financial year stood is estimated to be 17.60%.
10 analysts offering their estimates for the company have set an average revenue estimate of 39.95M for the current quarter. 8 have an estimated revenue figure of 53.69M for the next ending quarter. Year-ago sales stood 43.42M and 48.14M respectively for this quarter and the next, and analysts expect sales will shrink by -7.99% for the current quarter and 17.60% 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 30.78% of the company shares, while shares held by institutions stand at 30.27% with a share float percentage of 43.72%. Investors are also buoyed by the number of investors in a company, with Cipher Mining Inc having a total of 234.0 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 1.71% shares in the company for having 5.95 shares of worth $38.4 million while later fund manager owns 4.7 shares of worth $30.3 million as of Sep 30, 2024 , which makes it owner of about 1.35% of company’s outstanding stock.
