The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $7.43, up 3.77% from the previous session.
CIFR stock price is now 72.67% away from the 50-day moving average and 78.15% away from the 200-day moving average. The market capitalization of the company currently stands at $2.66B.
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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, Officer bought 53,161 shares of the company’s stock on Nov 08 ’24. The stock was bought for $380,486 at an average price of $7.16. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Co-President and CLO Iwaschuk William sold 600 shares of the business’s stock. A total of $4,200 was realized by selling the stock at an average price of $7.00. This leaves the insider owning 618,548 shares of the company worth $4.6 million. A total of 32.73% 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 2.57, and a quick ratio of 2.57. The fifty day moving average price for CIFR is $4.2246 and a two-hundred day moving average price translates $4.147225 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for 2024-09-30. The net profit margin was -33.39% and return on equity was -10.03% for CIFR. The company reported revenue of $24.1 million for the quarter, compared to $30.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.47 percent.
