Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Cipher Mining Inc (NASDAQ: CIFR) was $5.25 for the day, up 6.49% from the previous closing price of $4.93. In other words, the price has increased by $6.49 from its previous closing price. On the day, 12.9 million shares were traded. CIFR stock price reached its highest trading level at $5.32 during the session, while it also had its lowest trading level at $4.875.
Ratios:
Our analysis of CIFR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.57 and its Current Ratio is at 2.57. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 28 ’24 when Bitfury Top HoldCo B.V. sold 1,000,000 shares for $6.22 per share. The transaction valued at 6,220,000 led to the insider holds 99,047,588 shares of the business.
Kelly Patrick Arthur sold 89,742 shares of CIFR for $392,442 on Oct 15 ’24. The Co-President and COO now owns 717,431 shares after completing the transaction at $4.37 per share. On Oct 15 ’24, another insider, Kelly Patrick Arthur, who serves as the Officer of the company, bought 89,742 shares for $4.37 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 1784133760 and an Enterprise Value of 1823795200. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.75 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 11.962 whereas that against EBITDA is 52.03.
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 32.14%, while the 200-Day Moving Average is calculated to be 29.49%.
Shares Statistics:
CIFR traded an average of 9.48M shares per day over the past three months and 10789860 shares per day over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 233.97M. Insiders hold about 33.03% of the company’s shares, while institutions hold 27.85% stake in the company. Shares short for CIFR as of 1728950400 were 23296996 with a Short Ratio of 2.46, compared to 1726185600 on 22363004. Therefore, it implies a Short% of Shares Outstanding of 23296996 and a Short% of Float of 10.479999.
