Cipher Mining Inc (NASDAQ: CIFR) is 30.51% 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 $5.66 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $5.39, the stock is 15.91% and 38.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.36 million and changing -4.77% at the moment leaves the stock 34.12% off its SMA200. CIFR registered 62.35% gain for a year compared to 6-month gain of 44.89%. The firm has a 50-day simple moving average (SMA 50) of $3.8998 and a 200-day simple moving average (SMA200) of $4.0188.
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The stock witnessed a 39.28% loss in the last 1 month and extending the period to 3 months gives it a 3.06%, and is -2.00% 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 6.98% over the week and 8.30% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.77B and $158.67M in sales. Current P/E ratio is 106.31 and Fwd P/E is 62.15. Profit margin for the company is 11.43%. Distance from 52-week low is 150.12% and -32.54% from its 52-week high. The company has generated returns on investments over the last 12 months (2.56%).
with sales reaching $29.22M over the same period.The EPS is expected to grow by 52.60% this year, but quarterly earnings will post 24.10% year-over-year. Quarterly sales are estimated to shrink -3.60% in year-over-year returns.
Cipher Mining Inc (CIFR) Top Institutional Holders
224.0 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 43.48% of the company’s shares. The shares outstanding are 290.96M, and float is at 220.28M with Short Float at 10.58%. Institutions hold 29.17% 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 1,000,000 shares of the company’s common stock on Oct 28 ’24 at a price of $6.22 per share for a total of $6.22 million. Following the sale, the insider now owns 99.05 million shares.
Cipher Mining Inc disclosed in a document filed with the SEC on Oct 15 ’24 that Kelly Patrick Arthur (Co-President and COO) sold a total of 89,742 shares of the company’s common stock. The trade occurred on Oct 15 ’24 and was made at $4.37 per share for $0.39 million. Following the transaction, the insider now directly holds 0.72 million shares of the CIFR stock.
Still, SEC filings show that on Oct 15 ’24, Kelly Patrick Arthur (Officer) Proposed Sale 89,742 shares at an average price of $4.37 for $0.39 million. The insider now directly holds shares of Cipher Mining Inc (CIFR).
