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In the latest session, Cipher Mining Inc (NASDAQ: CIFR) closed at $3.51 down -2.23% from its previous closing price of $3.59. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 8.04 million shares were traded. CIFR stock price reached its highest trading level at $3.67 during the session, while it also had its lowest trading level at $3.49.
Ratios:
For a deeper understanding of Cipher Mining Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1154582912 and an Enterprise Value of 1055346432. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.23, and their Forward P/E ratio for the next fiscal year is 91.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.28 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 6.651 whereas that against EBITDA is 24.468.
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 -24.60%, while the 200-Day Moving Average is calculated to be -9.52%.
Shares Statistics:
For the past three months, CIFR has traded an average of 10.19M shares per day and 8079830 over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 204.84M. Insiders hold about 37.73% of the company’s shares, while institutions hold 28.07% stake in the company. Shares short for CIFR as of 1723680000 were 22388043 with a Short Ratio of 2.20, compared to 1721001600 on 24106860. Therefore, it implies a Short% of Shares Outstanding of 22388043 and a Short% of Float of 11.0.
