The stock of Cipher Mining Inc (CIFR) has seen a -5.56% decrease in the past week, with a 13.17% gain in the past month, and a 8.97% flourish in the past quarter. The volatility ratio for the week is 10.58%, and the volatility levels for the past 30 days are at 11.39% for CIFR. The simple moving average for the last 20 days is -13.35% for CIFR stock, with a simple moving average of 14.86% for the last 200 days.
Is It Worth Investing in Cipher Mining Inc (NASDAQ: CIFR) Right Now?
CIFR has 36-month beta value of 2.27. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CIFR is 170.98M, and currently, short sellers hold a 8.22% ratio of that float. The average trading volume of CIFR on April 15, 2024 was 9.05M shares.
CIFR) stock’s latest price update
Cipher Mining Inc (NASDAQ: CIFR)’s stock price has plunge by -7.83relation to previous closing price of 4.15. Nevertheless, the company has seen a -5.56% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-03 that The most undervalued blockchain stocks to buy in April are for those who think outside the box. Most investors know the big names already, but these hidden gems can offer significant upside potential, especially in the current market environment.
Analysts’ Opinion of CIFR
BTIG Research, on the other hand, stated in their research note that they expect to see CIFR reach a price target of $6. The rating they have provided for CIFR stocks is “Buy” according to the report published on September 15th, 2023.
Compass Point gave a rating of “Buy” to CIFR, setting the target price at $4 in the report published on June 06th of the previous year.
CIFR Trading at 3.32% from the 50-Day Moving Average
After a stumble in the market that brought CIFR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.48% of loss for the given period.
Volatility was left at 11.39%, however, over the last 30 days, the volatility rate increased by 10.58%, as shares surge +20.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.82% upper at present.
During the last 5 trading sessions, CIFR fell by -5.56%, which changed the moving average for the period of 200-days by +31.90% in comparison to the 20-day moving average, which settled at $4.45. In addition, Cipher Mining Inc saw -7.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CIFR starting from Bitfury Top HoldCo B.V., who sale 10,000,000 shares at the price of $2.95 back on Nov 09 ’23. After this action, Bitfury Top HoldCo B.V. now owns 191,931,387 shares of Cipher Mining Inc, valued at $29,500,000 using the latest closing price.
Kelly Patrick Arthur, the Co-President and COO of Cipher Mining Inc, sale 35,000 shares at $3.19 during a trade that took place back on Aug 17 ’23, which means that Kelly Patrick Arthur is holding 235,351 shares at $111,650 based on the most recent closing price.
Stock Fundamentals for CIFR
Current profitability levels for the company are sitting at:
- -0.47 for the present operating margin
- 0.47 for the gross margin
The net margin for Cipher Mining Inc stands at -0.2. The total capital return value is set at -0.11. Equity return is now at value -6.18, with -5.07 for asset returns.
Based on Cipher Mining Inc (CIFR), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -4.29. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -181.56.
Currently, EBITDA for the company is -5.84 million with net debt to EBITDA at 33.88. When we switch over and look at the enterprise to sales, we see a ratio of 8.44. The receivables turnover for the company is 146.3for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.60.
Conclusion
To put it simply, Cipher Mining Inc (CIFR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
