In the last trading session, 7.33 million shares of the Cipher Mining Inc (NASDAQ:CIFR) were traded, and its beta was 2.58. Most recently the company’s share price was $2.42, and it changed around $0.2 or 9.01% from the last close, which brings the market valuation of the company to $874.90M. CIFR currently trades at a discount to its 52-week high of $7.99, offering almost -230.17% off that amount. The share price’s 52-week low was $1.86, which indicates that the current value has risen by an impressive 23.14% since then. We note from Cipher Mining Inc’s average daily trading volume that its 10-day average is 12.93 million shares, with the 3-month average coming to 14.28 million.
Cipher Mining Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.17. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended CIFR as a Hold, whereas 7 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 green trend with a performance of 9.01% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.58 on recent trading dayincreased the stock’s daily price by 6.2%. The company’s shares are currently down -47.84% year-to-date, but still up 15.24% over the last five days. On the other hand, Cipher Mining Inc (NASDAQ:CIFR) is -20.13% down in the 30-day period. We can see from the shorts that 36.0 million shares have been sold at a short interest cover period of 2.53 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 67.73% 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 86.54%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 53.66M in revenue for the current quarter. 10 analysts expect Cipher Mining Inc to make 54.88M 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 11.47%. Forecasts for the next quarter put sales growth at 49.09%.
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 on 2025-Feb-24.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.21% of Cipher Mining Inc shares, and 66.17% of them are in the hands of institutional investors. The stock currently has a share float of 94.81%. Cipher Mining Inc stock is held by 282.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.3816% of the shares, which is about 13.0 million shares worth $53.94 million.
BLACKROCK INC., with 3.915% or 12.31 million shares worth $51.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 7.69 shares worth $18.61 million, making up 2.09% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 5.27 shares worth around $12.76 million, which represents about 1.43% of the total shares outstanding.
