In the last trading session, 23.67 million shares of the Cipher Mining Inc (NASDAQ:CIFR) were traded, and its beta was 2.48. Most recently the company’s share price was $3.85, and it changed around -$0.23 or -5.64% from the last close, which brings the market valuation of the company to $1.39B. CIFR currently trades at a discount to its 52-week high of $7.99, offering almost -107.53% off that amount. The share price’s 52-week low was $2.65, which indicates that the current value has risen by an impressive 31.17% since then.
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 10 analysts rate the stock as a Sell; another 4 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 0.06 for the current quarter.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR has showed a red trend with a performance of -5.64% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.88 on recent trading dayincreased the stock’s daily price by 21.11%. The company’s shares are currently down -17.03% year-to-date, but still down -22.46% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -18.09% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 48.67% 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
The year-over-year growth rate is expected to be 96.17%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 55.8M in revenue for the current quarter. 7 analysts expect Cipher Mining Inc to make 63.19M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 48.14M and 36.81M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.92%. Forecasts for the next quarter put sales growth at 71.67%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -129.25%.
CIFR Dividends
Cipher Mining Inc’s next quarterly earnings report is expected to be released in April.
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 $29.34 million, making up 2.11% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.5 shares worth around $21.19 million, which represents about 1.52% of the total shares outstanding.
