In today’s recent session, 2.4 million shares of the Cipher Mining Inc (NASDAQ:CIFR) have been traded, and its beta is 2.40. Most recently the company’s share price was $5.16, and it changed around -$0.27 or -4.97% from the last close, which brings the market valuation of the company to $1.79B. CIFR at last check was trading at a discount to its 52-week high of $7.99, offering almost -54.84% off that amount. The share price’s 52-week low was $2.15, which indicates that the recent value has risen by an impressive 58.33% since then. We note from Cipher Mining Inc’s average daily trading volume that its 10-day average is 7.72 million shares, with the 3-month average coming to 10.47 million.
Cipher Mining Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 0 recommended CIFR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Cipher Mining Inc is expected to report earnings per share of 0.04 for the current quarter.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR has been showing red trend so far today with a performance of -4.97% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.71 on recent trading dayincreased the stock’s daily price by 9.63%. The company’s shares are currently up 11.21% year-to-date, but still up 7.28% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -28.63% down in the 30-day period. We can see from the shorts that 22.68 million shares have been sold at a short interest cover period of 2.12 day(s).
The consensus price target as assigned by Wall Street analysts is $7.25, which translates to bulls needing to increase their stock price by 28.83% 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 fallen -16.64 percent over the past six months and at a -210.00% annual growth rate that is well below the industry average of 16.00%. The year-over-year growth rate is expected to be 17.75%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 40.33M in revenue for the current quarter. 8 analysts expect Cipher Mining Inc to make 54.52M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 43.42M and 48.14M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.11%. Forecasts for the next quarter put sales growth at 13.26%.
CIFR Dividends
Cipher Mining Inc’s next quarterly earnings report is expected to be released in February.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.37% of Cipher Mining Inc shares, and 32.28% of them are in the hands of institutional investors. The stock currently has a share float of 47.04%. Cipher Mining Inc stock is held by 241.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 7.62 shares worth $39.06 million, making up 2.19% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 4.65 shares worth around $23.81 million, which represents about 1.34% of the total shares outstanding.
