In the last trading session, 9.95 million shares of the Cipher Mining Inc (NASDAQ:CIFR) were traded, and its beta was 2.30. Most recently the company’s share price was $6.38, and it changed around -$0.73 or -10.27% from the last close, which brings the market valuation of the company to $2.29B. CIFR currently trades at a discount to its 52-week high of $7.99, offering almost -25.24% off that amount. The share price’s 52-week low was $2.15, which indicates that the current value has risen by an impressive 66.3% since then. We note from Cipher Mining Inc’s average daily trading volume that its 10-day average is 10.13 million shares, with the 3-month average coming to 10.70 million.
Cipher Mining Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended CIFR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR has showed a red trend with a performance of -10.27% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.53 on recent trading dayincreased the stock’s daily price by 15.27%. The company’s shares are currently up 54.48% year-to-date, but still up 1.27% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -8.20% down in the 30-day period. We can see from the shorts that 24.01 million shares have been sold at a short interest cover period of 1.94 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 14.93% from its current value. Analyst projections state that CIFR is forecast to be at a low of $6 and a high of $9.
Cipher Mining Inc (CIFR) estimates and forecasts
Cipher Mining Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 52.63 percent over the past six months and at a -80.00% annual growth rate that is well below the industry average of 16.50%.
CIFR Dividends
Cipher Mining Inc’s next quarterly earnings report is expected to be released in January.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.78% of Cipher Mining Inc shares, and 30.71% of them are in the hands of institutional investors. The stock currently has a share float of 44.37%. Cipher Mining Inc stock is held by 233.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.3816% of the shares, which is about 13.0 million shares worth $53.94 million.
BLACKROCK INC., with 4.1487% or 12.31 million shares worth $51.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
