Stocks of Cipher Mining Inc (NASDAQ:CIFR) traded higher last session on Wall Street, up 8.25% to $5.38.
CIFR stock price is now 45.06% away from the 50-day moving average and 35.63% away from the 200-day moving average. The market capitalization of the company currently stands at $1.77B.
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With the price target of $6, Northland Capital recently initiated with Outperform rating for Cipher Mining Inc (NASDAQ: CIFR). On September 25, 2024, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $6, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Kelly Patrick Arthur, Co-President and COO sold 89,742 shares of the company’s stock on Oct 15 ’24. The stock was sold for $392,442 at an average price of $4.37. Upon completion of the transaction, the Co-President and COO now directly owns 717,431 shares in the company, valued at $3.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Officer Kelly Patrick Arthur bought 89,742 shares of the business’s stock. A total of $392,478 was incurred on buying the stock at an average price of $4.37. A total of 33.06% 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 $3.7087 and a two-hundred day moving average price translates $3.966725 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.
