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The closing price of Cipher Mining Inc (NASDAQ: CIFR) was $6.63 for the day, up 3.27% from the previous closing price of $6.42. In other words, the price has increased by $3.27 from its previous closing price. On the day, 5.9 million shares were traded. CIFR stock price reached its highest trading level at $6.67 during the session, while it also had its lowest trading level at $6.27.
Ratios:
Our analysis of CIFR’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 08 ’24 when Kelly Patrick Arthur sold 53,161 shares for $7.16 per share. The transaction valued at 380,633 led to the insider holds 664,270 shares of the business.
Bitfury Top HoldCo B.V. sold 300,000 shares of CIFR for $1,980,000 on Nov 07 ’24. The 10% Owner now owns 98,747,588 shares after completing the transaction at $6.60 per share. On Nov 08 ’24, another insider, Kelly Patrick Arthur, who serves as the Officer of the company, bought 53,161 shares for $7.16 each.
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 2305954048 and an Enterprise Value of 2303767552. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.62 while its Price-to-Book (P/B) ratio in mrq is 3.43. Its current Enterprise Value per Revenue stands at 15.11 whereas that against EBITDA is 65.722.
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 43.88%, while the 200-Day Moving Average is calculated to be 56.17%.
Shares Statistics:
CIFR traded an average of 10.54M shares per day over the past three months and 14360600 shares per day over the past ten days. A total of 290.96M shares are outstanding, with a floating share count of 234.35M. Insiders hold about 32.64% of the company’s shares, while institutions hold 28.83% stake in the company. Shares short for CIFR as of 1730332800 were 24139591 with a Short Ratio of 2.29, compared to 1727654400 on 25929925. Therefore, it implies a Short% of Shares Outstanding of 24139591 and a Short% of Float of 10.86.
