In the last trading session, 16.58 million Cipher Mining Inc (NASDAQ:CIFR) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $5.49 changed hands at -$0.59 or -9.70% during last session, the market valuation stood at $1.91B. CIFR’s last price was a discount, traded about -45.54% off its 52-week high of $7.99. The share price had its 52-week low at $2.65, which suggests the last value was 51.73% up since then.
Analysts gave the Cipher Mining Inc (CIFR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CIFR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Cipher Mining Inc’s EPS for the current quarter is expected to be 0.05.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR was in red as seen at the end of in last trading. With action -8.19%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.32%, with the 5-day performance at -8.19% in the red. However, in the 30-day time frame, Cipher Mining Inc (NASDAQ:CIFR) is -0.36% down.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 21.57% from its current market value. According to analyst projections, CIFR’s forecast low is 6 with 9 as the target high. To hit the forecast high, the stock’s price needs a -63.93% plunge from its current level, while the stock would need to soar -9.29% for it to hit the projected low.
Cipher Mining Inc (CIFR) estimates and forecasts
Year-over-year growth is forecast to reach 18.55% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 41.45M. 6 analysts are of the opinion that Cipher Mining Inc’s revenue for the current quarter will be 58.78M. The company’s revenue for the corresponding quarters a year ago was 43.42M and 48.14M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.54%. The estimates for the next quarter sales put growth at 22.10%.
The 2025 estimates are for Cipher Mining Inc earnings to decrease by -142.95%.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.1487% or 12.31 million shares worth $51.07 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 7.62 shares estimated at $41.84 million under it, the former controlled 2.19% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.46% of the shares, roughly 5.08 shares worth around $27.87 million.
