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The price of Cipher Mining Inc (NASDAQ: CIFR) closed at $5.39 in the last session, down -7.86% from day before closing price of $5.85. In other words, the price has decreased by -$7.86 from its previous closing price. On the day, 6.33 million shares were traded. CIFR stock price reached its highest trading level at $5.83 during the session, while it also had its lowest trading level at $5.2.
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 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:
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 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 1874674432 and an Enterprise Value of 1872488064. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.30 while its Price-to-Book (P/B) ratio in mrq is 2.79. Its current Enterprise Value per Revenue stands at 12.281 whereas that against EBITDA is 53.419.
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 -11.60%, while the 200-Day Moving Average is calculated to be 14.56%.
Shares Statistics:
According to the various share statistics, CIFR traded on average about 10.58M shares per day over the past 3-months and 9155610 shares per day over the past 10 days. A total of 347.80M shares are outstanding, with a floating share count of 239.61M. Insiders hold about 31.11% of the company’s shares, while institutions hold 29.16% stake in the company. Shares short for CIFR as of 1734048000 were 19768291 with a Short Ratio of 1.87, compared to 1731628800 on 24011510. Therefore, it implies a Short% of Shares Outstanding of 19768291 and a Short% of Float of 8.89.
