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As of close of business last night, Cipher Mining Inc’s stock clocked out at $4.38, up 1.39% from its previous closing price of $4.32. In other words, the price has increased by $1.39 from its previous closing price. On the day, 11.92 million shares were traded. CIFR stock price reached its highest trading level at $4.6 during the session, while it also had its lowest trading level at $4.16.
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 8.49 and its Current Ratio is at 8.49. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $6.
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 Oct 15 ’24 when Kelly Patrick Arthur bought 89,742 shares for $4.37 per share.
Iwaschuk William sold 150,000 shares of CIFR for $591,000 on Sep 25 ’24. The Co-President and CLO now owns 619,148 shares after completing the transaction at $3.94 per share. On Sep 25 ’24, another insider, Iwaschuk William, who serves as the Officer of the company, bought 150,000 shares for $3.94 each.
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 1468491392 and an Enterprise Value of 1341525504. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 86.39, and their Forward P/E ratio for the next fiscal year is 45.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.08 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 8.455 whereas that against EBITDA is 31.103.
Stock Price History:
Over the past 52 weeks, CIFR has reached a high of $7.99, while it has fallen to a 52-week low of $2.15. The 50-Day Moving Average of the stock is 20.66%, while the 200-Day Moving Average is calculated to be 10.95%.
Shares Statistics:
It appears that CIFR traded 9.55M shares on average per day over the past three months and 7757920 shares per day over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 220.19M. Insiders hold about 33.06% of the company’s shares, while institutions hold 28.93% stake in the company. Shares short for CIFR as of 1727654400 were 25929925 with a Short Ratio of 2.71, compared to 1724976000 on 21657191. Therefore, it implies a Short% of Shares Outstanding of 25929925 and a Short% of Float of 12.36.
