Cipher Mining Inc (NASDAQ: CIFR)’s stock price has increased by 4.42 compared to its previous closing price of 5.20. However, the company has seen a 9.04% increase in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-06 that NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for December 2024.
Is It Worth Investing in Cipher Mining Inc (NASDAQ: CIFR) Right Now?
CIFR has 36-month beta value of 2.39. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CIFR is 239.61M, and currently, short sellers hold a 9.46% ratio of that float. The average trading volume of CIFR on January 20, 2025 was 10.47M shares.
CIFR’s Market Performance
CIFR stock saw a decrease of 9.04% in the past week, with a monthly decline of -26.52% and a quarterly a decrease of 8.38%. The volatility ratio for the week is 6.39%, and the volatility levels for the last 30 days are 8.91% for Cipher Mining Inc (CIFR). The simple moving average for the last 20 days is 3.24% for CIFR stock, with a simple moving average of 15.30% for the last 200 days.
Analysts’ Opinion of CIFR
JP Morgan, on the other hand, stated in their research note that they expect to see CIFR reach a price target of $8. The rating they have provided for CIFR stocks is “Overweight” according to the report published on December 10th, 2024.
Northland Capital gave a rating of “Outperform” to CIFR, setting the target price at $6 in the report published on September 25th of the previous year.
CIFR Trading at -10.55% 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 -32.04% of loss for the given period.
Volatility was left at 8.91%, however, over the last 30 days, the volatility rate increased by 6.39%, as shares sank -24.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.74% upper at present.
During the last 5 trading sessions, CIFR rose by +9.04%, which changed the moving average for the period of 200-days by +26.57% in comparison to the 20-day moving average, which settled at $5.26. In addition, Cipher Mining Inc saw 17.03% 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 3,120 shares at the price of $7.55 back on Dec 17 ’24. After this action, Bitfury Top HoldCo B.V. now owns 97,567,437 shares of Cipher Mining Inc, valued at $23,556 using the latest closing price.
Bitfury Top HoldCo B.V., the 10% Owner of Cipher Mining Inc, sale 300,000 shares at $7.23 during a trade that took place back on Dec 16 ’24, which means that Bitfury Top HoldCo B.V. is holding 97,820,557 shares at $2,169,000 based on the most recent closing price.
Stock Fundamentals for CIFR
Current profitability levels for the company are sitting at:
- -0.83 for the present operating margin
- -0.02 for the gross margin
The net margin for Cipher Mining Inc stands at -0.33. The total capital return value is set at -0.18. Equity return is now at value -10.03, with -8.54 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 -8.0. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -78.57.
Currently, EBITDA for the company is 39.7 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 12.37. The receivables turnover for the company is 534.97for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.
Conclusion
To put it simply, Cipher Mining Inc (CIFR) has had a better performance in recent times. Analysts have a bullish 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.
