Cipher Mining Inc (NASDAQ: CIFR) is 26.39% higher on its value in year-to-date trading and has touched a low of $1.76 and a high of $5.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIFR stock was last observed hovering at around $5.26 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $5.22, the stock is 43.53% and 58.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.5 million and changing -0.76% at the moment leaves the stock 62.14% off its SMA200. CIFR registered 143.93% gain for a year compared to 6-month gain of 123.08%. The firm has a 50-day simple moving average (SMA 50) of $11.67 and a 200-day simple moving average (SMA200) of $37.29.
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The stock witnessed a 53.53% loss in the last 1 month and extending the period to 3 months gives it a 29.53%, and is 27.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.95% over the week and 14.01% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.55B and $126.84M in sales. Fwd P/E is 19.89. Profit margin for the company is -20.32%. Distance from 52-week low is 196.59% and -6.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.07%).
Cipher Mining Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $49.42M over the same period.The EPS is expected to grow by 1.26% this year, but quarterly earnings will post 36.20% year-over-year. Quarterly sales are estimated to grow 115.40% in year-over-year returns.
Cipher Mining Inc (CIFR) Top Institutional Holders
162 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 22.32% of the company’s shares. The shares outstanding are 290.96M, and float is at 150.38M with Short Float at 8.64%. Institutions hold 12.87% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 3.17 million shares valued at $9.06 million. The investor’s holdings represent 1.26% of the CIFR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 2.43 million shares valued at $6.96 million to account for 0.97% of the shares outstanding. The other top investors are State Street Corporation which holds 2.2 million shares representing 0.88% and valued at over $6.28 million, while Geode Capital Management, LLC holds 0.56% of the shares totaling 1.41 million with a market value of $4.02 million.
Cipher Mining Inc (CIFR) Insider Activity
The most recent transaction is an insider sale by Bitfury Top HoldCo B.V.,the company’s10% Owner. SEC filings show that Bitfury Top HoldCo B.V. sold 10,000,000 shares of the company’s common stock on Nov 09 ’23 at a price of $2.95 per share for a total of $29.5 million. Following the sale, the insider now owns 191.93 million shares.
Cipher Mining Inc disclosed in a document filed with the SEC on Aug 17 ’23 that Kelly Patrick Arthur (Co-President and COO) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Aug 17 ’23 and was made at $3.19 per share for $0.11 million. Following the transaction, the insider now directly holds 0.24 million shares of the CIFR stock.
Still, SEC filings show that on Aug 16 ’23, Kelly Patrick Arthur (Co-President and COO) disposed off 15,000 shares at an average price of $3.32 for $49800.0. The insider now directly holds 270,351 shares of Cipher Mining Inc (CIFR).
