In the latest session, Cipher Mining Inc (NASDAQ: CIFR) closed at $3.13 down -0.79% from its previous closing price of $3.16. In other words, the price has decreased by -$0.0250 from its previous closing price. On the day, 4779258 shares were traded.
Ratios:
For a deeper understanding of Cipher Mining Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.60 and its Current Ratio is at 4.60. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
On September 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $6.
On June 06, 2023, Compass Point started tracking the stock assigning a Buy rating and target price of $4.Compass Point initiated its Buy rating on June 06, 2023, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 09 ’23 when Bitfury Top HoldCo B.V. sold 10,000,000 shares for $2.95 per share. The transaction valued at 29,500,000 led to the insider holds 191,931,387 shares of the business.
Kelly Patrick Arthur sold 35,000 shares of CIFR for $111,650 on Aug 17 ’23. The Co-President and COO now owns 235,351 shares after completing the transaction at $3.19 per share. On Aug 16 ’23, another insider, Kelly Patrick Arthur, who serves as the Co-President and COO of the company, sold 15,000 shares for $3.32 each. As a result, the insider received 49,800 and left with 270,351 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 928.02M and an Enterprise Value of 863.90M. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.33 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 6.81 whereas that against EBITDA is 21.76.
Stock Price History:
Over the past 52 weeks, CIFR has reached a high of $5.60, while it has fallen to a 52-week low of $1.40. The 50-Day Moving Average of the stock is 3.2459, while the 200-Day Moving Average is calculated to be 3.1416.
Shares Statistics:
For the past three months, CIFR has traded an average of 10.47M shares per day and 10.18M over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 149.73M. Insiders hold about 49.50% of the company’s shares, while institutions hold 12.10% stake in the company. Shares short for CIFR as of Feb 29, 2024 were 12.99M with a Short Ratio of 1.24, compared to 13.55M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.47% and a Short% of Float of 15.55%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0 and a low estimate of -$0.03, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.02 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.04 and -$0.3 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is $0.24, with 4 analysts recommending between $0.87 and -$0.1.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $45.52M this quarter.It ranges from a high estimate of $55.56M to a low estimate of $38.9M. As of the current estimate, Cipher Mining Inc’s year-ago sales were $22.94M, an estimated increase of 98.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $34.38M, an increase of 10.10% less than the figure of $98.40% in the same quarter last year. There is a high estimate of $46.85M for the next quarter, whereas the lowest estimate is $26.1M.
A total of 7 analysts have provided revenue estimates for CIFR’s current fiscal year. The highest revenue estimate was $204.17M, while the lowest revenue estimate was $111M, resulting in an average revenue estimate of $152.7M. In the same quarter a year ago, actual revenue was $126.84M, up 20.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $250.44M in the next fiscal year. The high estimate is $359.85M and the low estimate is $185M. The average revenue growth estimate for next year is up 64.00% from the average revenue estimate for this year.
