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The price of Cipher Mining Inc (NASDAQ: CIFR) closed at $5.39 in the last session, down -4.77% from day before closing price of $5.66. In other words, the price has decreased by -$4.77 from its previous closing price. On the day, 11.36 million shares were traded. CIFR stock price reached its highest trading level at $5.85 during the session, while it also had its lowest trading level at $5.3297.
Ratios:
We take a closer look at CIFR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1897641088 and an Enterprise Value of 1673756288. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 106.31, and their Forward P/E ratio for the next fiscal year is 62.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.17 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 10.549 whereas that against EBITDA is 38.805.
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 38.21%, while the 200-Day Moving Average is calculated to be 34.12%.
Shares Statistics:
According to the various share statistics, CIFR traded on average about 9.32M shares per day over the past 3-months and 11029380 shares per day over the past 10 days. A total of 290.96M shares are outstanding, with a floating share count of 220.28M. Insiders hold about 33.03% of the company’s shares, while institutions hold 28.94% stake in the company. Shares short for CIFR as of 1728950400 were 23296996 with a Short Ratio of 2.50, compared to 1726185600 on 22363004. Therefore, it implies a Short% of Shares Outstanding of 23296996 and a Short% of Float of 11.1099996.
