The closing price of Cipher Mining Inc (NASDAQ: CIFR) was $3.83 for the day, down -7.83% from the previous closing price of $4.15. On the day, 5763095 shares were traded.
Ratios:
Our analysis of CIFR’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.94 while its Price-to-Book (P/B) ratio in mrq is 2.27.
Stock Price History:
Over the past 52 weeks, CIFR has reached a high of $5.75, while it has fallen to a 52-week low of $1.76.
Shares Statistics:
A total of 290.96M shares are outstanding, with a floating share count of 170.98M. Insiders hold about 42.33% of the company’s shares, while institutions hold 12.03% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Cullen/Frost Bankers, Inc. analysts. The consensus estimate for the next quarter is $3.83, with high estimates of $54.85 and low estimates of $0.90.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
