Cipher Mining Inc (NASDAQ: CIFR) is -46.98% lower on its value in year-to-date trading and has touched a low of $2.18 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 $2.30 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $2.46, the stock is -19.19% and -43.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.65 million and changing 6.96% at the moment leaves the stock -48.71% off its SMA200. CIFR registered -52.23% loss for a year compared to 6-month loss of -40.15%. The firm has a 50-day simple moving average (SMA 50) of $4.364 and a 200-day simple moving average (SMA200) of $4.79625.
The stock witnessed a -36.10% gain in the last 1 month and extending the period to 3 months gives it a -49.38%, and is -19.08% 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 10.85% over the week and 10.28% over the month.
Cipher Mining Inc (CIFR) has around 43 employees, a market worth around $889.36M and $151.27M in sales. Fwd P/E is 324.97. Profit margin for the company is -29.51%. Distance from 52-week low is 12.84% and -69.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.38%).
The EPS is expected to shrink by -5.86% this year.
Cipher Mining Inc (CIFR) Top Institutional Holders
280.0 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 92.61% of the company’s shares. The shares outstanding are 350.78M, and float is at 253.34M with Short Float at 11.09%. Institutions hold 64.66% 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 3.915 of the shares outstanding. The other top investors are INVESCO LTD. which holds 8.42 million shares representing 2.6781% and valued at over $34.94 million, while STATE STREET CORP holds 1.8766 of the shares totaling 5.9 million with a market value of $24.48 million.
Cipher Mining Inc (CIFR) Insider Activity
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Cipher Mining Inc disclosed in a document filed with the SEC on Dec 17 ’24 that Bitfury Top HoldCo B.V. (10% Owner) sold a total of 3,120 shares of the company’s common stock. The trade occurred on Dec 17 ’24 and was made at $7.55 per share for $23556.0. Following the transaction, the insider now directly holds 97.57 million shares of the CIFR stock.
Still, SEC filings show that on Dec 16 ’24, Bitfury Top HoldCo B.V. (10% Owner) disposed off 300,000 shares at an average price of $7.23 for $2.17 million. The insider now directly holds 97,820,557 shares of Cipher Mining Inc (CIFR).
