The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $4.27, down -6.36% from the previous session.
CIFR stock price is now 3.96% away from the 50-day moving average and 23.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 416,793 shares of the company’s stock on Jun 21 ’24. The stock was sold for $1,879,736 at an average price of $4.51. Upon completion of the transaction, the 10% Owner now directly owns 112,854,530 shares in the company, valued at $481.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 394,357 shares of the business’s stock. A total of $2,184,738 was realized by selling the stock at an average price of $5.54. This leaves the insider owning 113,271,323 shares of the company worth $483.67 million. A total of 39.15% 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 $5.89. 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 $4.1097 and a two-hundred day moving average price translates $3.461725 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.
