In yesterday’s Wall Street session, Cipher Mining Inc (NASDAQ:CIFR) shares traded at $3.74, down -6.73% from the previous session.
CIFR stock price is now -21.05% away from the 50-day moving average and -3.44% away from the 200-day moving average. The market capitalization of the company currently stands at $1.23B.
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, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 609,644 shares of the company’s stock on Jul 18 ’24. The stock was sold for $3,799,220 at an average price of $6.23. Upon completion of the transaction, the 10% Owner now directly owns 109,911,187 shares in the company, valued at $411.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 19 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 261,847 shares of the business’s stock. A total of $1,615,596 was realized by selling the stock at an average price of $6.17. This leaves the insider owning 109,649,340 shares of the company worth $410.09 million. A total of 37.73% 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 $7.99. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 8.49, and a quick ratio of 8.49. The fifty day moving average price for CIFR is $4.713 and a two-hundred day moving average price translates $3.874025 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for 2024-06-30. The net profit margin was 11.43% and return on equity was 3.51% for CIFR. The company reported revenue of $36.81 million for the quarter, compared to $31.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.88 percent.
