The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $4.09, up 4.87% from the previous session.
CIFR stock price is now -1.58% away from the 50-day moving average and 21.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
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On September 15, 2023, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 10,000,000 shares of the company’s stock on Nov 09 ’23. The stock was sold for $29,500,000 at an average price of $2.95. Upon completion of the transaction, the 10% Owner now directly owns 191,931,387 shares in the company, valued at $785.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17 ’23, Co-President and COO Kelly Patrick Arthur sold 35,000 shares of the business’s stock. A total of $111,650 was realized by selling the stock at an average price of $3.19. This leaves the insider owning 235,351 shares of the company worth $0.96 million. A total of 42.44% of the company’s stock is owned by insiders.
During the past 12 months, Cipher Mining Inc has had a low of $2.15 and a high of $5.75. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 8.08, and a quick ratio of 8.08. The fifty day moving average price for CIFR is $4.174 and a two-hundred day moving average price translates $3.355125 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for 2024-03-31. The net profit margin was 13.54% and return on equity was 4.38% for CIFR. The company reported revenue of $48.14 million for the quarter, compared to $21.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 119.85 percent.
