In the last trading session, 7.31 million Cipher Mining Inc (NASDAQ:CIFR) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $6.19 changed hands at -$0.11 or -1.75% during last session, the market valuation stood at $2.15B. CIFR’s last price was a discount, traded about -29.08% off its 52-week high of $7.99. The share price had its 52-week low at $2.15, which suggests the last value was 65.27% up since then. When we look at Cipher Mining Inc’s average trading volume, we note the 10-day average is 8.77 million shares, with the 3-month average coming to 10.53 million.

Analysts gave the Cipher Mining Inc (CIFR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CIFR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Cipher Mining Inc’s EPS for the current quarter is expected to be 0.05.

Cipher Mining Inc (NASDAQ:CIFR) trade information

Instantly CIFR was in red as seen at the end of in last trading. With action -4.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 49.88%, with the 5-day performance at -4.03% in the red. However, in the 30-day time frame, Cipher Mining Inc (NASDAQ:CIFR) is 17.90% up. Looking at the short shares, we see there were 24.01 million shares sold at short interest cover period of 1.94 days.

The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 17.47% from its current market value. According to analyst projections, CIFR’s forecast low is 6 with 9 as the target high. To hit the forecast high, the stock’s price needs a -45.4% plunge from its current level, while the stock would need to tank 3.07% for it to hit the projected low.

Cipher Mining Inc (CIFR) estimates and forecasts

Data shows that the Cipher Mining Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 60.78% over the past 6 months, a -80.00% in annual growth rate that is considerably lower than the industry average of 16.80%. Year-over-year growth is forecast to reach 17.53% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 39.85M. 7 analysts are of the opinion that Cipher Mining Inc’s revenue for the current quarter will be 53.18M. The company’s revenue for the corresponding quarters a year ago was 43.42M and 48.14M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.22%. The estimates for the next quarter sales put growth at 10.47%.

The 2024 estimates are for Cipher Mining Inc earnings to decrease by -105.18%.

CIFR Dividends

Cipher Mining Inc is expected to release its next quarterly earnings report in January.

Cipher Mining Inc (NASDAQ:CIFR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 30.78% of Cipher Mining Inc shares while 30.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.13%. There are 30.55% institutions holding the Cipher Mining Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.3816% of the shares, roughly 13.0 million CIFR shares worth $53.94 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.1487% or 12.31 million shares worth $51.07 million as of 2024-06-30.