Cipher Mining Inc (NASDAQ: CIFR) is -3.23% lower on its value in year-to-date trading and has touched a low of $2.40 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 $4.51 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $4.49, the stock is -12.64% and -23.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.42 million and changing -0.44% at the moment leaves the stock -5.27% off its SMA200. CIFR registered 90.25% gain for a year compared to 6-month loss of -22.85%. The firm has a 50-day simple moving average (SMA 50) of $5.9304 and a 200-day simple moving average (SMA200) of $4.738575.
The stock witnessed a -18.36% gain in the last 1 month and extending the period to 3 months gives it a -19.61%, and is -16.70% 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 15.37% over the week and 9.81% over the month.
Cipher Mining Inc (CIFR) has around 35 employees, a market worth around $1.56B and $152.47M in sales. Profit margin for the company is -33.39%. Distance from 52-week low is 87.08% and -43.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.38%).
The EPS is expected to shrink by -144.69% this year.
Cipher Mining Inc (CIFR) Top Institutional Holders
242.0 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 47.12% of the company’s shares. The shares outstanding are 347.80M, and float is at 239.61M with Short Float at 8.93%. Institutions hold 32.34% 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 3,120 shares of the company’s common stock on Dec 17 ’24 at a price of $7.55 per share for a total of $23556.0. Following the sale, the insider now owns 97.57 million shares.
Cipher Mining Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Bitfury Top HoldCo B.V. (10% Owner) sold a total of 300,000 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $7.23 per share for $2.17 million. Following the transaction, the insider now directly holds 97.82 million shares of the CIFR stock.
Still, SEC filings show that on Dec 17 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 250,000 shares at an average price of $7.42 for $1.85 million. The insider now directly holds 97,570,557 shares of Cipher Mining Inc (CIFR).
