Cipher Mining Inc (NASDAQ:CIFR) has a beta value of 152.67% and has seen 17.24 shares traded in the last trading session. The company, currently valued at $1.27B, closed the last trade at $3.81 per share which meant it lost -$2.94 on the day or 3.79% during that session. The CIFR stock price is -109.71% off its 52-week high price of $7.99 and 51.18% above the 52-week low of $1.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.4 million shares traded. The 3-month trading volume is 1.85 shares.
The consensus among analysts is that Cipher Mining Inc (CIFR) is Buy stock at the moment, with a recommendation rating of 54.27. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
Cipher Mining Inc (NASDAQ:CIFR) trade information
Sporting 3.79% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CIFR stock price touched $3.81 or saw a rise of 5.46%. Year-to-date, Cipher Mining Inc shares have moved -24.20%, while the 5-day performance has seen it change -1.30%. Over the past 30 days, the shares of Cipher Mining Inc (NASDAQ:CIFR) have changed 0.26%. Short interest in the company has seen 41.96 million shares shorted with days to cover at 2.14.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 49.2% from current levels. The projected low price target is $6.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -136.22% off the targeted high while a plunge would see the stock gain -57.48% from current levels.
Cipher Mining Inc (CIFR) estimates and forecasts
The company’s shares have lost -48.71% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.27% -129.25% over the past 5 years.
CIFR Dividends
Cipher Mining Inc is expected to release its next earnings report on 2025-May-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cipher Mining Inc (NASDAQ:CIFR)’s Major holders
Insiders own 32.81% of the company shares, while shares held by institutions stand at 77.05% with a share float percentage of 114.67%. Investors are also buoyed by the number of investors in a company, with Cipher Mining Inc having a total of 278.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.0 million shares worth more than $53.94 million. As of 2024-06-30, VANGUARD GROUP INC held 4.1347% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 12.31 million shares as of 2024-06-30. The firm’s total holdings are worth over $51.07 million and represent 3.915% of shares outstanding.
