For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $5.49 in the prior trading day, Cipher Mining Inc (NASDAQ: CIFR) closed at $4.97, down -9.56%. In other words, the price has decreased by -$9.56 from its previous closing price. On the day, 18.8 million shares were traded.
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.
On December 10, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $8.
On September 25, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.Northland Capital initiated its Outperform rating on September 25, 2024, with a $6 target price.
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 11.33 while its Price-to-Book (P/B) ratio in mrq is 2.57.
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 $2.65. The 50-Day Moving Average of the stock is -10.83%, while the 200-Day Moving Average is calculated to be 1.62%.
Shares Statistics:
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 37.59% stake in the company.
