The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Cipher Mining Inc’s stock clocked out at $3.58, down -7.49% from its previous closing price of $3.87. In other words, the price has decreased by -$7.49 from its previous closing price. On the day, 11.18 million shares were traded. CIFR stock price reached its highest trading level at $3.88 during the session, while it also had its lowest trading level at $3.475.
Ratios:
To gain a deeper understanding of CIFR’s stock, we examine its different 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.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1200273792 and an Enterprise Value of 1078372352. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.61, and their Forward P/E ratio for the next fiscal year is 34.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.42 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 6.796 whereas that against EBITDA is 25.002.
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 -9.05%, while the 200-Day Moving Average is calculated to be -9.05%.
Shares Statistics:
It appears that CIFR traded 9.58M shares on average per day over the past three months and 13899890 shares per day over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 220.19M. Insiders hold about 33.06% of the company’s shares, while institutions hold 28.27% stake in the company. Shares short for CIFR as of 1726185600 were 22363004 with a Short Ratio of 2.33, compared to 1723680000 on 22388043. Therefore, it implies a Short% of Shares Outstanding of 22363004 and a Short% of Float of 10.66.
