Cipher Mining Inc (NASDAQ:CIFR) has a beta value of 2.42 and has seen 9.12 million shares traded in the last trading session. The company, currently valued at $2.05B, closed the last trade at $5.90 per share which meant it lost -$0.16 on the day or -2.64% during that session. The CIFR stock price is -35.42% off its 52-week high price of $7.99 and 55.08% above the 52-week low of $2.65.
The consensus among analysts is that Cipher Mining Inc (CIFR) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Sporting -2.64% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CIFR stock price touched $5.90 or saw a rise of 5.14%. Year-to-date, Cipher Mining Inc shares have moved 27.16%, while the 5-day performance has seen it change -1.01%. Over the past 30 days, the shares of Cipher Mining Inc (NASDAQ:CIFR) have changed 13.46%.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 15.71% from current levels. The projected low price target is $6.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -52.54% off the targeted high while a plunge would see the stock gain -1.69% from current levels.
Cipher Mining Inc (CIFR) estimates and forecasts
The company’s shares have gained 52.85% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 18.55%.
9 analysts offering their estimates for the company have set an average revenue estimate of 41.45M for the current quarter. 6 have an estimated revenue figure of 58.78M for the next ending quarter. Year-ago sales stood 43.42M and 48.14M respectively for this quarter and the next, and analysts expect sales will shrink by -4.54% for the current quarter and 18.55% for the next.
CIFR Dividends
Cipher Mining Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 13.0 million shares worth more than $53.94 million. As of 2024-06-30, VANGUARD GROUP INC held 4.3816% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 12.31 million shares as of 2024-06-30. The firm’s total holdings are worth over $51.07 million and represent 4.1487% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.19% shares in the company for having 7.62 shares of worth $44.96 million while later fund manager owns 5.08 shares of worth $29.95 million as of Nov 30, 2024 , which makes it owner of about 1.46% of company’s outstanding stock.
