Cipher Mining Inc (NASDAQ: CIFR) is 13.54% higher on its value in year-to-date trading and has touched a low of $1.86 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 $4.26 in the last trading session, with the day’s gains setting it 20339995.74%.
Currently trading at $20340000.0, the stock is 23.57% and 38.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 69.41 million and changing 12.21% at the moment leaves the stock 8.23% off its SMA200. CIFR registered 3.02% gain for a year compared to 6-month loss of -13.09%. The firm has a 50-day simple moving average (SMA 50) of $3.4501 and a 200-day simple moving average (SMA200) of $4.416475.
The stock witnessed a 47.08% gain in the last 1 month and extending the period to 3 months gives it a 106.03%, and is 35.41% 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 10.48% over the week and 8.77% over the month.
Cipher Mining Inc (CIFR) has around 43 employees, a market worth around $1.60B and $152.09M in sales. Profit margin for the company is -81.21%. Distance from 52-week low is 156.99% and -40.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.45%).
The EPS is expected to shrink by -75.62% this year.
Cipher Mining Inc (CIFR) Top Institutional Holders
278.0 institutions hold shares in Cipher Mining Inc (CIFR), with institutional investors hold 114.67% of the company’s shares. The shares outstanding are 370.86M, and float is at 224.43M with Short Float at 19.94%. Institutions hold 77.05% 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 4.1347% 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
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).
