In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Cipher Mining Inc (NASDAQ: CIFR) closed the day trading at $4.08 up 2.77% from the previous closing price of $3.97. In other words, the price has increased by $2.77 from its previous closing price. On the day, 39.02 million shares were traded.
Ratios:
For a better understanding of CIFR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.03.
On December 10, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $8.
On September 25, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.Northland Capital initiated its Outperform rating on September 25, 2024, with a $6 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 Feb 26 ’25 when GROSSMAN CARY M bought 50,000 shares for $4.06 per share.
Bitfury Top HoldCo B.V. sold 3,120 shares of CIFR for $23,556 on Dec 17 ’24. The 10% Owner now owns 97,567,437 shares after completing the transaction at $7.55 per share. On Dec 16 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 300,000 shares for $7.23 each. As a result, the insider received 2,169,000 and left with 97,820,557 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 9.75 while its Price-to-Book (P/B) ratio in mrq is 2.10.
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 $2.65. The 50-Day Moving Average of the stock is -24.31%, while the 200-Day Moving Average is calculated to be -16.59%.
Shares Statistics:
A total of 350.78M shares are outstanding, with a floating share count of 249.07M. Insiders hold about 31.11% of the company’s shares, while institutions hold 36.16% stake in the company.
