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Cipher Mining Inc (NASDAQ: CIFR) closed the day trading at $5.50 up 2.23% from the previous closing price of $5.38. In other words, the price has increased by $2.23 from its previous closing price. On the day, 9.94 million shares were traded. CIFR stock price reached its highest trading level at $5.52 during the session, while it also had its lowest trading level at $5.13.
Ratios:
For a better understanding of CIFR, let’s look at 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:
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 Oct 15 ’24 when Kelly Patrick Arthur sold 89,742 shares for $4.37 per share. The transaction valued at 392,442 led to the insider holds 717,431 shares of the business.
Kelly Patrick Arthur bought 89,742 shares of CIFR for $392,478 on Oct 15 ’24. On Sep 25 ’24, another insider, Iwaschuk William, who serves as the Co-President and CLO of the company, sold 150,000 shares for $3.94 each. As a result, the insider received 591,000 and left with 619,148 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 1843996032 and an Enterprise Value of 1709939840. As of this moment, Cipher’s Price-to-Earnings (P/E) ratio for their current fiscal year is 108.48, and their Forward P/E ratio for the next fiscal year is 56.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.40 while its Price-to-Book (P/B) ratio in mrq is 2.62. Its current Enterprise Value per Revenue stands at 10.777 whereas that against EBITDA is 39.644.
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 47.05%, while the 200-Day Moving Average is calculated to be 38.38%.
Shares Statistics:
Over the past 3-months, CIFR traded about 9.15M shares per day on average, while over the past 10 days, CIFR traded about 9376340 shares per day. A total of 290.96M shares are outstanding, with a floating share count of 220.28M. Insiders hold about 33.03% of the company’s shares, while institutions hold 28.92% stake in the company. Shares short for CIFR as of 1727654400 were 25929925 with a Short Ratio of 2.83, compared to 1724976000 on 21657191. Therefore, it implies a Short% of Shares Outstanding of 25929925 and a Short% of Float of 12.36.
