Cipher Mining Inc (NASDAQ: CIFR) is 48.43% higher on its value in year-to-date trading and has touched a low of $2.15 and a high of $7.99 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 $6.46 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $6.13, the stock is 22.16% and 36.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.66 million and changing -5.11% at the moment leaves the stock 66.02% off its SMA200. CIFR registered 41.24% gain for a year compared to 6-month gain of 117.38%.
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The stock witnessed a 34.43% loss in the last 1 month and extending the period to 3 months gives it a 34.43%, and is -9.59% 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 14.69% over the week and 10.91% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.90B and $153.08M in sales. Current P/E ratio is 126.65 and Fwd P/E is 145.61. Profit margin for the company is 13.54%. Distance from 52-week low is 184.45% and -23.28% from its 52-week high. The company has generated returns on investments over the last 12 months (3.36%).
The EPS is expected to grow by 46.62% this year.
Cipher Mining Inc (CIFR) Top Institutional Holders
The shares outstanding are 290.96M, and float is at 192.19M with Short Float at 11.55%.
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 261,847 shares of the company’s common stock on Jul 19 ’24 at a price of $6.17 per share for a total of $1.62 million. Following the sale, the insider now owns 109.65 million shares.
Cipher Mining Inc disclosed in a document filed with the SEC on Jul 18 ’24 that Bitfury Top HoldCo B.V. (10% Owner) sold a total of 609,644 shares of the company’s common stock. The trade occurred on Jul 18 ’24 and was made at $6.23 per share for $3.8 million. Following the transaction, the insider now directly holds 109.91 million shares of the CIFR stock.
Still, SEC filings show that on Jun 28 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 490,275 shares at an average price of $4.12 for $2.02 million. The insider now directly holds 110,520,831 shares of Cipher Mining Inc (CIFR).
