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After finishing at $3.86 in the prior trading day, Cipher Mining Inc (NASDAQ: CIFR) closed at $3.84, down -0.52%. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 10.72 million shares were traded. CIFR stock price reached its highest trading level at $4.075 during the session, while it also had its lowest trading level at $3.79.
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 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.
On September 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $6.BTIG Research initiated its Buy rating on September 15, 2023, 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 Jul 18 ’24 when Bitfury Top HoldCo B.V. sold 609,644 shares for $6.23 per share. The transaction valued at 3,799,220 led to the insider holds 109,911,187 shares of the business.
Bitfury Top HoldCo B.V. sold 261,847 shares of CIFR for $1,615,596 on Jul 19 ’24. The 10% Owner now owns 109,649,340 shares after completing the transaction at $6.17 per share. On Jun 28 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 490,275 shares for $4.12 each. As a result, the insider received 2,019,933 and left with 110,520,831 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 1263133440 and an Enterprise Value of 1170475904. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 75.74, and their Forward P/E ratio for the next fiscal year is 59.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.96 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 7.377 whereas that against EBITDA is 27.137.
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 -19.78%, while the 200-Day Moving Average is calculated to be -0.66%.
Shares Statistics:
The stock has traded on average 9.91M shares per day over the past 3-months and 8897480 shares per day over the last 10 days, according to various share statistics. A total of 290.96M shares are outstanding, with a floating share count of 204.71M. Insiders hold about 37.73% of the company’s shares, while institutions hold 27.99% stake in the company. Shares short for CIFR as of 1722384000 were 23813517 with a Short Ratio of 2.40, compared to 1719532800 on 22206167. Therefore, it implies a Short% of Shares Outstanding of 23813517 and a Short% of Float of 12.9.
