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The closing price of Cipher Mining Inc (NASDAQ: CIFR) was $5.73 for the day, down -0.17% from the previous closing price of $5.74. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 14.82 million shares were traded. CIFR stock price reached its highest trading level at $5.94 during the session, while it also had its lowest trading level at $5.48.
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.
On September 25, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $6.Macquarie initiated its Outperform rating on September 25, 2024, with a $6 target price.
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 Dec 17 ’24 when Bitfury Top HoldCo B.V. sold 3,120 shares for $7.55 per share. The transaction valued at 23,556 led to the insider holds 97,567,437 shares of the business.
Bitfury Top HoldCo B.V. sold 300,000 shares of CIFR for $2,169,000 on Dec 16 ’24. The 10% Owner now owns 97,820,557 shares after completing the transaction at $7.23 per share. On Dec 17 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 250,000 shares for $7.42 each. As a result, the insider received 1,855,000 and left with 97,570,557 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 1992928512 and an Enterprise Value of 1990742144. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.05 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 13.057 whereas that against EBITDA is 56.792.
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 -5.26%, while the 200-Day Moving Average is calculated to be 23.68%.
Shares Statistics:
CIFR traded an average of 11.24M shares per day over the past three months and 11859830 shares per day over the past ten days. A total of 347.80M shares are outstanding, with a floating share count of 241.68M. Insiders hold about 30.67% of the company’s shares, while institutions hold 29.14% stake in the company. Shares short for CIFR as of 1732838400 were 22679271 with a Short Ratio of 2.02, compared to 1730332800 on 24139591. Therefore, it implies a Short% of Shares Outstanding of 22679271 and a Short% of Float of 10.2.
