In the last trading session, 24.65 million Cipher Mining Inc (NASDAQ:CIFR) shares changed hands as the company’s beta touched 2.51. With the company’s per share price at $2.23 changed hands at $0.13 or 6.19% during last session, the market valuation stood at $806.21M. CIFR’s last price was a discount, traded about -258.3% off its 52-week high of $7.99. The share price had its 52-week low at $1.86, which suggests the last value was 16.59% up since then. When we look at Cipher Mining Inc’s average trading volume, we note the 10-day average is 12.63 million shares, with the 3-month average coming to 13.76 million.
Analysts gave the Cipher Mining Inc (CIFR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. 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 0.06.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Instantly CIFR was in green as seen at the end of in last trading. With action -3.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -51.94%, with the 5-day performance at -3.04% in the red. However, in the 30-day time frame, Cipher Mining Inc (NASDAQ:CIFR) is -42.67% down. Looking at the short shares, we see there were 28.1 million shares sold at short interest cover period of 1.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 70.27% 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 -303.59% plunge from its current level, while the stock would need to soar -169.06% for it to hit the projected low.
Cipher Mining Inc (CIFR) estimates and forecasts
Year-over-year growth is forecast to reach 91.57% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 53.57M. 10 analysts are of the opinion that Cipher Mining Inc’s revenue for the current quarter will be 57.11M. The company’s revenue for the corresponding quarters a year ago was 48.14M and 36.81M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.29%. The estimates for the next quarter sales put growth at 55.15%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -129.25%. The 2025 estimates are for Cipher Mining Inc earnings to decrease by -18.19%.
CIFR Dividends
Cipher Mining Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.21% of Cipher Mining Inc shares while 64.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.66%. There are 64.67% institutions holding the Cipher Mining Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.3816% of the shares, roughly 13.0 million CIFR shares worth $53.94 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.915% or 12.31 million shares worth $51.07 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 7.69 shares estimated at $17.15 million under it, the former controlled 2.09% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.43% of the shares, roughly 5.27 shares worth around $11.75 million.
