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The price of Cipher Mining Inc (NASDAQ: CIFR) closed at $4.10 in the last session, up 7.33% from day before closing price of $3.82. In other words, the price has increased by $7.33 from its previous closing price. On the day, 11.9 million shares were traded. CIFR stock price reached its highest trading level at $4.21 during the session, while it also had its lowest trading level at $3.91.
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 Sep 25 ’24 when Iwaschuk William sold 150,000 shares for $3.94 per share. The transaction valued at 591,000 led to the insider holds 619,148 shares of the business.
Iwaschuk William bought 150,000 shares of CIFR for $591,502 on Sep 25 ’24. On Sep 10 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 1,997,304 shares for $2.97 each. As a result, the insider received 5,926,236 and left with 100,047,588 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 1374615168 and an Enterprise Value of 1249421824. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 80.87, and their Forward P/E ratio for the next fiscal year is 42.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.50 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 7.874 whereas that against EBITDA is 28.967.
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 8.04%, while the 200-Day Moving Average is calculated to be 3.69%.
Shares Statistics:
According to the various share statistics, CIFR traded on average about 9.52M shares per day over the past 3-months and 12511330 shares per day over the past 10 days. A total of 290.96M shares are outstanding, with a floating share count of 220.19M. Insiders hold about 33.12% of the company’s shares, while institutions hold 28.94% stake in the company. Shares short for CIFR as of 1726185600 were 22363004 with a Short Ratio of 2.35, compared to 1723680000 on 22388043. Therefore, it implies a Short% of Shares Outstanding of 22363004 and a Short% of Float of 10.66.
