The price-to-earnings ratio for Cipher Mining Inc (NASDAQ: CIFR) is above average at 88.43x. The 36-month beta value for CIFR is also noteworthy at 2.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CIFR is 193.06M, and at present, short sellers hold a 12.49% of that float. The average trading volume of CIFR on August 02, 2024 was 9.34M shares.
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CIFR) stock’s latest price update
The stock of Cipher Mining Inc (NASDAQ: CIFR) has decreased by -11.39 when compared to last closing price of 4.83.Despite this, the company has seen a loss of -26.46% in its stock price over the last five trading days. globenewswire.com reported 2024-08-02 that NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for July 2024.
CIFR’s Market Performance
Cipher Mining Inc (CIFR) has experienced a -26.46% fall in stock performance for the past week, with a -7.96% drop in the past month, and a 8.91% rise in the past quarter. The volatility ratio for the week is 9.96%, and the volatility levels for the past 30 days are at 11.50% for CIFR. The simple moving average for the past 20 days is -21.81% for CIFR’s stock, with a 12.25% simple moving average for the past 200 days.
Analysts’ Opinion of CIFR
Many brokerage firms have already submitted their reports for CIFR stocks, with Cantor Fitzgerald repeating the rating for CIFR by listing it as a “Overweight.” The predicted price for CIFR in the upcoming period, according to Cantor Fitzgerald is $9 based on the research report published on June 11, 2024 of the current year 2024.
BTIG Research gave a rating of “Buy” to CIFR, setting the target price at $6 in the report published on September 15th of the previous year.
CIFR Trading at -10.18% 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 -46.43% of loss for the given period.
Volatility was left at 11.50%, however, over the last 30 days, the volatility rate increased by 9.96%, as shares sank -4.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.19% upper at present.
During the last 5 trading sessions, CIFR fell by -22.51%, which changed the moving average for the period of 200-days by +69.55% in comparison to the 20-day moving average, which settled at $5.46. In addition, Cipher Mining Inc saw 3.63% 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 261,847 shares at the price of $6.17 back on Jul 19 ’24. After this action, Bitfury Top HoldCo B.V. now owns 109,649,340 shares of Cipher Mining Inc, valued at $1,615,596 using the latest closing price.
Bitfury Top HoldCo B.V., the 10% Owner of Cipher Mining Inc, sale 609,644 shares at $6.23 during a trade that took place back on Jul 18 ’24, which means that Bitfury Top HoldCo B.V. is holding 109,911,187 shares at $3,799,220 based on the most recent closing price.
Stock Fundamentals for CIFR
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.32 for the gross margin
The net margin for Cipher Mining Inc stands at 0.14. The total capital return value is set at -0.08. Equity return is now at value 4.38, with 3.80 for asset returns.
Based on Cipher Mining Inc (CIFR), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -6.29. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -47.0.
Currently, EBITDA for the company is -5.84 million with net debt to EBITDA at -4.83. When we switch over and look at the enterprise to sales, we see a ratio of 8.38. The receivables turnover for the company is 137.91for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.08.
Conclusion
In summary, Cipher Mining Inc (CIFR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
