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In the latest session, Cipher Mining Inc (NASDAQ: CIFR) closed at $2.90 down -1.02% from its previous closing price of $2.93. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 18.99 million shares were traded. CIFR stock price reached its highest trading level at $2.99 during the session, while it also had its lowest trading level at $2.86.
Ratios:
For a deeper understanding of Cipher Mining Inc’s stock, let’s take a closer look at its various 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.
On September 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $6.BTIG Research initiated its Buy rating on September 15, 2023, with a $6 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 10 ’24 when Bitfury Top HoldCo B.V. sold 1,997,304 shares for $2.97 per share. The transaction valued at 5,926,236 led to the insider holds 100,047,588 shares of the business.
Bitfury Top HoldCo B.V. sold 1,901,112 shares of CIFR for $5,456,191 on Sep 09 ’24. The 10% Owner now owns 102,044,892 shares after completing the transaction at $2.87 per share. On Sep 06 ’24, another insider, Bitfury Top HoldCo B.V., who serves as the 10% Owner of the company, sold 1,901,112 shares for $2.74 each. As a result, the insider received 5,213,841 and left with 103,946,004 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 972288832 and an Enterprise Value of 854692160. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.20, and their Forward P/E ratio for the next fiscal year is 23.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.01 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 5.387 whereas that against EBITDA is 19.816.
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 -31.69%, while the 200-Day Moving Average is calculated to be -25.71%.
Shares Statistics:
For the past three months, CIFR has traded an average of 9.69M shares per day and 8846610 over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 220.04M. Insiders hold about 33.11% of the company’s shares, while institutions hold 28.25% stake in the company. Shares short for CIFR as of 1724976000 were 21657191 with a Short Ratio of 2.23, compared to 1722384000 on 23813517. Therefore, it implies a Short% of Shares Outstanding of 21657191 and a Short% of Float of 10.65.
