For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Cipher Mining Inc (NASDAQ: CIFR) closed at $6.78 in the last session, up 9.53% from day before closing price of $6.19. In other words, the price has increased by $9.53 from its previous closing price. On the day, 9.42 million shares were traded. CIFR stock price reached its highest trading level at $6.99 during the session, while it also had its lowest trading level at $5.85.
Ratios:
We take a closer look at CIFR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2358124800 and an Enterprise Value of 2355938560. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.94 while its Price-to-Book (P/B) ratio in mrq is 3.51. Its current Enterprise Value per Revenue stands at 15.452 whereas that against EBITDA is 67.211.
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 36.83%, while the 200-Day Moving Average is calculated to be 56.11%.
Shares Statistics:
According to the various share statistics, CIFR traded on average about 10.40M shares per day over the past 3-months and 10074770 shares per day over the past 10 days. A total of 290.96M shares are outstanding, with a floating share count of 234.35M. Insiders hold about 32.62% of the company’s shares, while institutions hold 28.84% stake in the company. Shares short for CIFR as of 1730332800 were 24139591 with a Short Ratio of 2.32, compared to 1727654400 on 25929925. Therefore, it implies a Short% of Shares Outstanding of 24139591 and a Short% of Float of 10.86.
