Moreover, the 36-month beta value for CIFR is 2.33. Analysts have varying opinions 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 171.00M and currently, short sellers hold a 7.80% of that float. On May 06, 2024, CIFR’s average trading volume was 8.57M shares.
CIFR) stock’s latest price update
The stock of Cipher Mining Inc (NASDAQ: CIFR) has increased by 5.34 when compared to last closing price of 3.93. Despite this, the company has experienced a -8.00% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Cipher Mining (CIFR) is expected to have seen a strong top line in first-quarter 2024, while the bottom line is likely to have decreased.
CIFR’s Market Performance
CIFR’s stock has fallen by -8.00% in the past week, with a monthly drop of -0.48% and a quarterly rise of 54.48%. The volatility ratio for the week is 10.25% while the volatility levels for the last 30 days are 10.17% for Cipher Mining Inc The simple moving average for the last 20 days is 2.23% for CIFR stock, with a simple moving average of 23.84% for the last 200 days.
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 5.19% 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 -28.00% of loss for the given period.
Volatility was left at 10.17%, however, over the last 30 days, the volatility rate increased by 10.25%, as shares surge +2.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.58% upper at present.
During the last 5 trading sessions, CIFR fell by -8.00%, which changed the moving average for the period of 200-days by -12.29% in comparison to the 20-day moving average, which settled at $4.05. In addition, Cipher Mining Inc saw 0.24% in overturn over a single year, with a tendency to cut further gains.
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 9.17. 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 wrap up, the performance of Cipher Mining Inc (CIFR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
