Cipher Mining Inc (NASDAQ: CIFR) is -13.32% 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 $3.87 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $3.58, the stock is 11.47% and -9.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.18 million and changing -7.49% at the moment leaves the stock -9.05% off its SMA200. CIFR registered 53.65% gain for a year compared to 6-month loss of -16.55%. The firm has a 50-day simple moving average (SMA 50) of $3.8785 and a 200-day simple moving average (SMA200) of $3.941725.
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The stock witnessed a 1.99% gain in the last 1 month and extending the period to 3 months gives it a -21.83%, and is 4.07% 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 11.75% over the week and 8.91% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.18B and $158.67M in sales. Current P/E ratio is 70.61 and Fwd P/E is 34.52. Profit margin for the company is 11.43%. Distance from 52-week low is 66.13% and -55.19% from its 52-week high. The company has generated returns on investments over the last 12 months (2.56%).
with sales reaching $29.79M over the same period.The EPS is expected to grow by 59.02% this year, but quarterly earnings will post 25.30% year-over-year. Quarterly sales are estimated to shrink -1.70% in year-over-year returns.
Cipher Mining Inc (CIFR) Top Institutional Holders
217.0 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 220.19M with Short Float at 10.16%. Institutions hold 29.13% 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 Iwaschuk William, the company’s Co-President and CLO. SEC filings show that Iwaschuk William sold 150,000 shares of the company’s common stock on Sep 25 ’24 at a price of $3.94 per share for a total of $0.59 million. Following the sale, the insider now owns 0.62 million shares.
Still, SEC filings show that on Sep 10 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 1,997,304 shares at an average price of $2.97 for $5.93 million. The insider now directly holds 100,047,588 shares of Cipher Mining Inc (CIFR).
