The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $4.18, up 1.83% from the previous session.
CIFR stock price is now -23.84% away from the 50-day moving average and -14.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.45B.
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On December 10, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $8, while ‘Northland Capital’ rates the stock as ‘Outperform’
In other news, GROSSMAN CARY M, Director bought 50,000 shares of the company’s stock on Feb 26 ’25. The stock was bought for $202,775 at an average price of $4.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 3,120 shares of the business’s stock. A total of $23,556 was realized by selling the stock at an average price of $7.55. This leaves the insider owning 97,567,437 shares of the company worth $407.83 million. A total of 31.11% of the company’s stock is owned by insiders.
During the past 12 months, Cipher Mining Inc has had a low of $2.65 and a high of $7.99. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.28, and a quick ratio of 1.28.
The net profit margin was -29.51% and return on equity was -7.61% for CIFR. The company reported revenue of $42.22 million for the quarter, compared to $43.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.75 percent.
