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As of close of business last night, Cipher Mining Inc’s stock clocked out at $6.13, down -5.55% from its previous closing price of $6.49. In other words, the price has decreased by -$5.55 from its previous closing price. On the day, 8.36 million shares were traded. CIFR stock price reached its highest trading level at $6.5 during the session, while it also had its lowest trading level at $6.055.
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 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:
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 Dec 06 ’24 when Bitfury Top HoldCo B.V. sold 177,031 shares for $7.38 per share. The transaction valued at 1,306,489 led to the insider holds 98,120,557 shares of the business.
Bitfury Top HoldCo B.V. sold 91,982 shares of CIFR for $665,030 on Dec 05 ’24. The 10% Owner now owns 98,297,588 shares after completing the transaction at $7.23 per share. On Nov 29 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 277,618 shares for $7.17 each. As a result, the insider received 1,990,521 and left with 98,389,570 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 2132050944 and an Enterprise Value of 2129864576. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.21 while its Price-to-Book (P/B) ratio in mrq is 3.17. Its current Enterprise Value per Revenue stands at 13.969 whereas that against EBITDA is 60.761.
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 5.86%, while the 200-Day Moving Average is calculated to be 34.72%.
Shares Statistics:
It appears that CIFR traded 10.79M shares on average per day over the past three months and 9900400 shares per day over the past ten days. A total of 347.80M shares are outstanding, with a floating share count of 241.13M. Insiders hold about 30.67% of the company’s shares, while institutions hold 29.17% stake in the company. Shares short for CIFR as of 1732838400 were 22679271 with a Short Ratio of 2.10, compared to 1730332800 on 24139591. Therefore, it implies a Short% of Shares Outstanding of 22679271 and a Short% of Float of 10.2.
