Stocks of Cipher Mining Inc (NASDAQ:CIFR) traded higher last session on Wall Street, up 7.34% to $4.68.
CIFR stock price is now 11.46% away from the 50-day moving average and 31.44% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
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, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 490,275 shares of the company’s stock on Jun 28 ’24. The stock was sold for $2,019,933 at an average price of $4.12. Upon completion of the transaction, the 10% Owner now directly owns 110,520,831 shares in the company, valued at $517.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 478,606 shares of the business’s stock. A total of $1,995,787 was realized by selling the stock at an average price of $4.17. This leaves the insider owning 111,011,106 shares of the company worth $519.53 million. A total of 38.01% 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 $4.2182 and a two-hundred day moving average price translates $3.572125 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.
