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Cipher Mining Inc (CIFR) – key numbers that make it a Strong Buy For Now

Cipher Mining Inc (NASDAQ: CIFR) is 5.81% higher on its value in year-to-date trading and has touched a low of $2.15 and a high of $5.89 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 $4.62 in the last trading session, with the day’s loss setting it -0.25%.

Currently trading at $4.37, the stock is -4.01% and 4.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.48 million and changing -5.41% at the moment leaves the stock 23.67% off its SMA200. CIFR registered 17.16% gain for a year compared to 6-month gain of 11.76%.

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The stock witnessed a 6.33% loss in the last 1 month and extending the period to 3 months gives it a 1.86%, and is -7.42% down 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 9.34% over the week and 10.18% over the month.

Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.35B and $153.08M in sales. Current P/E ratio is 90.29 and Fwd P/E is 103.80. Profit margin for the company is 13.54%. Distance from 52-week low is 102.78% and -25.81% from its 52-week high. The company has generated returns on investments over the last 12 months (3.36%).

with sales reaching $38.06M over the same period.The EPS is expected to grow by 46.62% this year, but quarterly earnings will post 27.90% year-over-year. Quarterly sales are estimated to grow 21.90% in year-over-year returns.

Cipher Mining Inc (CIFR) Top Institutional Holders

The shares outstanding are 290.96M, and float is at 192.19M with Short Float at 10.50%.

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 490,275 shares of the company’s common stock on Jun 28 ’24 at a price of $4.12 per share for a total of $2.02 million. Following the sale, the insider now owns 110.52 million shares.

Cipher Mining Inc disclosed in a document filed with the SEC on Jun 27 ’24 that Bitfury Top HoldCo B.V. (10% Owner) sold a total of 478,606 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $4.17 per share for $2.0 million. Following the transaction, the insider now directly holds 111.01 million shares of the CIFR stock.

Still, SEC filings show that on Jun 26 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 466,915 shares at an average price of $4.30 for $2.01 million. The insider now directly holds 111,489,712 shares of Cipher Mining Inc (CIFR).

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