Cipher Mining Inc (NASDAQ:CIFR) shares traded 0.36% higher at $4.20 on Wall Street last session.
CIFR stock price is now 4.21% away from the 50-day moving average and 23.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
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, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 298,950 shares of the company’s stock on Jun 06 ’24. The stock was sold for $1,243,632 at an average price of $4.16. Upon completion of the transaction, the 10% Owner now directly owns 116,110,358 shares in the company, valued at $487.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 299,953 shares of the business’s stock. A total of $1,172,816 was realized by selling the stock at an average price of $3.91. This leaves the insider owning 116,409,308 shares of the company worth $488.92 million. A total of 41.53% 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 $4.0256 and a two-hundred day moving average price translates $3.38695 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.
