The price of Cipher Mining Inc (NASDAQ: CIFR) closed at $5.22 in the last session, down -0.76% from day before closing price of $5.26. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 12503257 shares were traded.
Ratios:
We take a closer look at CIFR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1.54B and an Enterprise Value of 1.48B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.20 while its Price-to-Book (P/B) ratio in mrq is 3.09. Its current Enterprise Value per Revenue stands at 11.67 whereas that against EBITDA is 37.29.
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 $1.76. The 50-Day Moving Average of the stock is 3.32, while the 200-Day Moving Average is calculated to be 3.23.
Shares Statistics:
According to the various share statistics, CIFR traded on average about 10.25M shares per day over the past 3-months and 11.88M shares per day over the past 10 days. A total of 290.96M shares are outstanding, with a floating share count of 150.38M. Insiders hold about 49.28% of the company’s shares, while institutions hold 12.11% stake in the company. Shares short for CIFR as of Feb 29, 2024 were 12.99M with a Short Ratio of 1.27, 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
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.03, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.05 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.11 and -$0.3 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is $0.31, with 4 analysts recommending between $0.87 and -$0.08.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $49.42M. It ranges from a high estimate of $55.56M to a low estimate of $45.2M. As of the current estimate, Cipher Mining Inc’s year-ago sales were $22.94M, an estimated increase of 115.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $39.53M, an increase of 26.60% less than the figure of $115.40% in the same quarter last year. There is a high estimate of $46.85M for the next quarter, whereas the lowest estimate is $32.4M.
A total of 5 analysts have provided revenue estimates for CIFR’s current fiscal year. The highest revenue estimate was $204.17M, while the lowest revenue estimate was $136.3M, resulting in an average revenue estimate of $172.81M. In the same quarter a year ago, actual revenue was $126.84M, up 36.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $280.55M in the next fiscal year. The high estimate is $359.85M and the low estimate is $198.79M. The average revenue growth estimate for next year is up 62.30% from the average revenue estimate for this year.
