Cipher Mining Inc (NASDAQ:CIFR)’s traded shares stood at 13.15 million during the last session, with the company’s beta value hitting 2.30. At the close of trading, the stock’s price was $6.89, to imply an increase of 0.58% or $0.04 in intraday trading. The CIFR share’s 52-week high remains $7.99, putting it -15.97% down since that peak but still an impressive 68.8% since price per share fell to its 52-week low of $2.15. The company has a valuation of $2.40B, with an average of 9.35 million shares in intraday trading volume over the past 10 days and average of 10.48 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cipher Mining Inc (CIFR), translating to a mean rating of 1.20. Of 8 analyst(s) looking at the stock, 1 analyst(s) give CIFR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
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Cipher Mining Inc (NASDAQ:CIFR) trade information
After registering a 0.58% upside in the last session, Cipher Mining Inc (CIFR) has traded red over the past five days. The 5-day price performance for the stock is 6.82%, and 29.51% over 30 days. With these gigs, the year-to-date price performance is 66.83%. Short interest in Cipher Mining Inc (NASDAQ:CIFR) saw shorts transact 24.01 million shares and set a 1.94 days time to cover.
The extremes give us $6 and $9 for target low and target high price respectively. As such, CIFR has been trading -30.62% off suggested target high and 12.92% from its likely low.
Cipher Mining Inc (CIFR) estimates and forecasts
Looking at statistics comparing Cipher Mining Inc share performance against respective industry, we note that the company has underperformed competitors. Cipher Mining Inc (CIFR) shares are 67.64% up over the last 6 months, with its year-to-date growth rate lower than industry average at -80.00% against 16.50%. The rating firms project that company’s revenue will grow 17.85% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 40.25M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 55.02M.Earnings reports from the last fiscal year show that sales brought in 43.42M and 48.14M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.30% before jumping 14.30% in the following quarter.
CIFR Dividends
Cipher Mining Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Cipher Mining Inc insiders hold 30.78% of total outstanding shares, with institutional holders owning 30.71% of the shares at 44.37% float percentage. In total, 30.71% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 13.0 million shares (or 4.3816% of shares), all amounting to roughly $53.94 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 12.31 million shares, or about 4.1487% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $51.07 million.
