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Cipher Mining Inc (NASDAQ: CIFR) closed the day trading at $4.04 down -10.22% from the previous closing price of $4.50. In other words, the price has decreased by -$10.22 from its previous closing price. On the day, 5.44 million shares were traded. CIFR stock price reached its highest trading level at $4.3549 during the session, while it also had its lowest trading level at $3.97.
Ratios:
For a better understanding of CIFR, let’s look at its different 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:
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 ’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 1334222080 and an Enterprise Value of 1133706496. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.44 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 8.938 whereas that against EBITDA is 496.586.
Stock Price History:
The Beta on a monthly basis for CIFR is 2.26, which has changed by 0.78761065 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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. The 50-Day Moving Average of the stock is 3.05%, while the 200-Day Moving Average is calculated to be 20.10%.
Shares Statistics:
Over the past 3-months, CIFR traded about 8.80M shares per day on average, while over the past 10 days, CIFR traded about 6133910 shares per day. A total of 290.96M shares are outstanding, with a floating share count of 171.00M. Insiders hold about 42.33% of the company’s shares, while institutions hold 12.41% stake in the company. Shares short for CIFR as of 1713139200 were 13342445 with a Short Ratio of 1.52, compared to 1710460800 on 17458739. Therefore, it implies a Short% of Shares Outstanding of 13342445 and a Short% of Float of 7.8.
Earnings Estimates
A detailed examination of Cipher Mining Inc (CIFR) is currently in progress, with 7.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $0.01 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 -$0.03, with high estimates of $0.03 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.08 and -$0.3 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is $0.39, with 4.0 analysts recommending between $0.87 and -$0.08.
Revenue Estimates
6 analysts predict $50.75M in revenue for the current quarter. 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 $22.94MFor the next quarter, 6 analysts are estimating revenue of $40M. There is a high estimate of $48M for the next quarter, whereas the lowest estimate is $32.4M.
A total of 6 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 $167.96M. In the same quarter a year ago, actual revenue was $126.84MBased on 4 analysts’ estimates, the company’s revenue will be $275.91M in the next fiscal year. The high estimate is $359.85M and the low estimate is $198.79M.
