Analytical Overview: Cipher Mining Inc (CIFR)’s Ratios Tell a Financial Story

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As of close of business last night, Cipher Mining Inc’s stock clocked out at $4.56, down -12.98% from its previous closing price of $5.24. In other words, the price has decreased by -$12.98 from its previous closing price. On the day, 20.47 million shares were traded. CIFR stock price reached its highest trading level at $5.0 during the session, while it also had its lowest trading level at $4.37.

Ratios:

To gain a deeper understanding of CIFR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.08 and its Current Ratio is at 8.08. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

On September 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $6.BTIG Research initiated its Buy rating on September 15, 2023, with a $6 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Bitfury Top HoldCo B.V. sold 416,793 shares for $4.51 per share. The transaction valued at 1,879,736 led to the insider holds 112,854,530 shares of the business.

Bitfury Top HoldCo B.V. sold 394,357 shares of CIFR for $2,184,738 on Jun 20 ’24. The 10% Owner now owns 113,271,323 shares after completing the transaction at $5.54 per share. On Jun 18 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 388,167 shares for $4.80 each. As a result, the insider received 1,863,202 and left with 113,665,680 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CIFR now has a Market Capitalization of 1413732224 and an Enterprise Value of 1346003456. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 94.21, and their Forward P/E ratio for the next fiscal year is 108.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.24 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 8.793 whereas that against EBITDA is 23.846.

Stock Price History:

Over the past 52 weeks, CIFR has reached a high of $5.89, while it has fallen to a 52-week low of $2.15. The 50-Day Moving Average of the stock is 11.21%, while the 200-Day Moving Average is calculated to be 32.27%.

Shares Statistics:

It appears that CIFR traded 7.88M shares on average per day over the past three months and 14099270 shares per day over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 188.66M. Insiders hold about 39.02% of the company’s shares, while institutions hold 16.65% stake in the company. Shares short for CIFR as of 1715731200 were 16812382 with a Short Ratio of 2.24, compared to 1713139200 on 13342445. Therefore, it implies a Short% of Shares Outstanding of 16812382 and a Short% of Float of 9.11.

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