During the recent session, Cipher Mining Inc (NASDAQ:CIFR)’s traded shares were 2.56 million, with the beta value of the company hitting 2.59. At the last check today, the stock’s price was $2.65, reflecting an intraday loss of -0.93% or -$0.03. The 52-week high for the CIFR share is $7.99, that puts it down -201.51 from that peak though still a striking 2.64% gain since the share price plummeted to a 52-week low of $2.58. The company’s market capitalization is $959.86M, and the average intraday trading volume over the past 10 days was 13.39 million shares, and the average trade volume was 13.69 million shares over the past three months.
Cipher Mining Inc (CIFR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.17. CIFR has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.06.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Cipher Mining Inc (CIFR) registered a -0.93% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.93% in intraday trading to $2.65, hitting a weekly high. The stock’s 5-day price performance is -11.50%, and it has moved by -36.41% in 30 days. Based on these gigs, the overall price performance for the year is -49.52%. The short interest in Cipher Mining Inc (NASDAQ:CIFR) is 28.1 million shares and it means that shorts have 1.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies an increase of 64.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $9 respectively. As a result, CIFR is trading at a discount of -239.62% off the target high and -126.42% off the low.
Cipher Mining Inc (CIFR) estimates and forecasts
In the rating firms’ projections, revenue will increase 95.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 53.87M as predicted by 11 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 58.08M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 48.14M and 36.81M respectively. In this case, analysts expect current quarter sales to grow by 11.91% and then jump by 57.79% in the coming quarter.
CIFR Dividends
Cipher Mining Inc is due to release its next quarterly earnings on 2025-Feb-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Cipher Mining Inc insiders own 30.18% of total outstanding shares while institutional holders control 64.82%, with the float percentage being 92.84%. VANGUARD GROUP INC is the largest shareholder of the company, while 281.0 institutions own stock in it. As of 2024-06-30, the company held over 13.0 million shares (or 4.3816% of all shares), a total value of $53.94 million in shares.
The next largest institutional holding, with 12.31 million shares, is of BLACKROCK INC.’s that is approximately 3.915% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $51.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cipher Mining Inc (CIFR) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 7.69 shares. This amounts to just over 2.09 percent of the company’s overall shares, with a $20.46 million market value. The same data shows that the other fund manager holds slightly less at 5.54, or about 1.51% of the stock, which is worth about $14.74 million.
