After finishing at $3.09 in the prior trading day, Cipher Mining Inc (NASDAQ: CIFR) closed at $2.87, down -7.12%. In other words, the price has decreased by -$0.2200 from its previous closing price. On the day, 10479780 shares were traded.
Ratios:
Our goal is to gain a better understanding of CIFR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 09 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. The Co-President and COO now owns 235,351 shares after completing the transaction at $3.19 per share. On Aug 16, 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 791.76M and an Enterprise Value of 813.69M. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.45 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 9.41 whereas that against EBITDA is -21.40.
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 $1.26. The 50-Day Moving Average of the stock is 3.4056, while the 200-Day Moving Average is calculated to be 3.1140.
Shares Statistics:
The stock has traded on average 9.86M shares per day over the past 3-months and 8.16M shares per day over the last 10 days, according to various share statistics. A total of 247.55M shares are outstanding, with a floating share count of 128.60M. Insiders hold about 49.50% of the company’s shares, while institutions hold 14.10% stake in the company. Shares short for CIFR as of Feb 15, 2024 were 13.25M with a Short Ratio of 1.34, compared to 13.53M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.15% and a Short% of Float of 26.70%.
