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After finishing at $6.70 in the prior trading day, Cipher Mining Inc (NASDAQ: CIFR) closed at $6.30, down -5.97%. In other words, the price has decreased by -$5.97 from its previous closing price. On the day, 9.42 million shares were traded. CIFR stock price reached its highest trading level at $6.745 during the session, while it also had its lowest trading level at $6.14.
Ratios:
Our goal is to gain a better understanding of CIFR by taking a closer look at its different ratios. 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.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 21 ’24 when Bitfury Top HoldCo B.V. sold 73,500 shares for $7.02 per share. The transaction valued at 515,970 led to the insider holds 98,667,188 shares of the business.
Bitfury Top HoldCo B.V. sold 6,900 shares of CIFR for $48,300 on Nov 20 ’24. The 10% Owner now owns 98,740,688 shares after completing the transaction at $7.00 per share. On Nov 08 ’24, another insider, Kelly Patrick Arthur, who serves as the Co-President and COO of the company, sold 53,161 shares for $7.16 each. As a result, the insider received 380,633 and left with 664,270 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 2191177984 and an Enterprise Value of 2188991488. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.93 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 14.357 whereas that against EBITDA is 62.448.
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 19.06%, while the 200-Day Moving Average is calculated to be 42.99%.
Shares Statistics:
The stock has traded on average 10.50M shares per day over the past 3-months and 8418180 shares per day over the last 10 days, according to various share statistics. A total of 347.80M shares are outstanding, with a floating share count of 234.43M. Insiders hold about 32.60% of the company’s shares, while institutions hold 28.86% stake in the company. Shares short for CIFR as of 1731628800 were 24011510 with a Short Ratio of 2.29, compared to 1728950400 on 23296996. Therefore, it implies a Short% of Shares Outstanding of 24011510 and a Short% of Float of 10.8.
