Cipher Mining Inc (NASDAQ:CIFR)’s traded shares stood at 6.31 million during the last session, with the company’s beta value hitting 2.38. At the close of trading, the stock’s price was $5.24, to imply an increase of 5.86% or $0.29 in intraday trading. The CIFR share’s 52-week high remains $7.99, putting it -52.48% down since that peak but still an impressive 58.97% since price per share fell to its 52-week low of $2.15. The company has a valuation of $1.82B, with an average of 8.24 million shares in intraday trading volume over the past 10 days and average of 10.70 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 1.00. 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 0.04.
Cipher Mining Inc (NASDAQ:CIFR) trade information
After registering a 5.86% 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 -2.78%, and -19.26% over 30 days. With these gigs, the year-to-date price performance is 12.93%. Short interest in Cipher Mining Inc (NASDAQ:CIFR) saw shorts transact 22.68 million shares and set a 2.12 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 -71.76% off suggested target high and -14.5% 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 -22.71% down over the last 6 months, with its year-to-date growth rate lower than industry average at -210.00% against 16.10%. The rating firms project that company’s revenue will grow 17.75% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 40.33M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 54.52M.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 -7.11% before jumping 13.26% in the following quarter.
CIFR Dividends
Cipher Mining Inc has its next earnings report out in February. 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 31.37% of total outstanding shares, with institutional holders owning 32.19% of the shares at 46.90% float percentage. In total, 32.19% 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.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Cipher Mining Inc (CIFR) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 7.62 shares. This is just over 2.19% of the total shares, with a market valuation of $39.93 million. Data from the same date shows that the other fund manager holds a little less at 4.65, or 1.34% of the shares, all valued at about 24.35 million.
