Cipher Mining Inc (NASDAQ: CIFR) is -27.85% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIFR stock was last observed hovering at around $3.01 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.98, the stock is -12.71% and -31.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.36 million and changing -1.00% at the moment leaves the stock -23.63% off its SMA200. CIFR registered 3.83% gain for a year compared to 6-month loss of -24.56%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -22.40% gain in the last 1 month and extending the period to 3 months gives it a -40.40%, and is -4.18% 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 6.68% over the week and 7.30% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $980.24M and $158.67M in sales. Current P/E ratio is 58.78 and Fwd P/E is 24.59. Profit margin for the company is 11.43%. Distance from 52-week low is 38.28% and -62.70% from its 52-week high. The company has generated returns on investments over the last 12 months (2.56%).
The EPS is expected to grow by 32.30% this year.
Cipher Mining Inc (CIFR) Top Institutional Holders
216.0 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 43.43% of the company’s shares. The shares outstanding are 290.96M, and float is at 220.64M with Short Float at 9.82%. Institutions hold 29.12% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.0 million shares valued at $53.94 million. The investor’s holdings represent 4.3816% of the CIFR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.31 million shares valued at $51.07 million to account for 4.1487 of the shares outstanding. The other top investors are INVESCO LTD. which holds 8.42 million shares representing 2.838% and valued at over $34.94 million, while STATE STREET CORP holds 1.9887 of the shares totaling 5.9 million with a market value of $24.48 million.
Cipher Mining Inc (CIFR) Insider Activity
The most recent transaction is an insider sale by Bitfury Top HoldCo B.V., the company’s 10% Owner. SEC filings show that Bitfury Top HoldCo B.V. sold 1,997,304 shares of the company’s common stock on Sep 10 ’24 at a price of $2.97 per share for a total of $5.93 million. Following the sale, the insider now owns 100.05 million shares.
Cipher Mining Inc disclosed in a document filed with the SEC on Sep 09 ’24 that Bitfury Top HoldCo B.V. (10% Owner) sold a total of 1,901,112 shares of the company’s common stock. The trade occurred on Sep 09 ’24 and was made at $2.87 per share for $5.46 million. Following the transaction, the insider now directly holds 102.04 million shares of the CIFR stock.
Still, SEC filings show that on Sep 06 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 1,901,112 shares at an average price of $2.74 for $5.21 million. The insider now directly holds 103,946,004 shares of Cipher Mining Inc (CIFR).
