The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $3.71, down -1.33% from the previous session.
CIFR stock price is now -11.11% away from the 50-day moving average and 10.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
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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 300,552 shares of the company’s stock on May 29 ’24. The stock was sold for $1,157,125 at an average price of $3.85. Upon completion of the transaction, the 10% Owner now directly owns 117,922,859 shares in the company, valued at $437.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 28 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 296,357 shares of the business’s stock. A total of $1,182,464 was realized by selling the stock at an average price of $3.99. This leaves the insider owning 118,223,411 shares of the company worth $438.61 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 $4.1568 and a two-hundred day moving average price translates $3.35955 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for 2024-03-31. According to the Capital Markets Company, earnings per share came in at -0.05, missing analysts’ expectations of -0.03 by -0.02. This compares to -$0.02 EPS in the same period last year. 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. For the current quarter, analysts expect CIFR to generate $37.25M in revenue.
