The stock of Cipher Mining Inc (NASDAQ:CIFR) last traded at $4.62, down -4.35% from the previous session.
CIFR stock price is now 42.90% away from the 50-day moving average and 44.67% away from the 200-day moving average. The market capitalization of the company currently stands at $1.37B.
On September 15, 2023, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Bitfury Top HoldCo B.V., 10% Owner sold 10,000,000 shares of the company’s stock on Nov 09 ’23. The stock was sold for $29,500,000 at an average price of $2.95. Upon completion of the transaction, the 10% Owner now directly owns 191,931,387 shares in the company, valued at $886.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17 ’23, Co-President and COO Kelly Patrick Arthur sold 35,000 shares of the business’s stock. A total of $111,650 was realized by selling the stock at an average price of $3.19. This leaves the insider owning 235,351 shares of the company worth $1.09 million. A total of 49.50% of the company’s stock is owned by insiders.
During the past 12 months, Cipher Mining Inc has had a low of $1.76 and a high of $5.60. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 4.60, and a quick ratio of 4.60. The fifty day moving average price for CIFR is $3.2497 and a two-hundred day moving average price translates $3.2047 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for Dec, 2023. According to the Capital Markets Company, earnings per share came in at $0.05, beating analysts’ expectations of -$0.04 by 0.09. This compares to -$0.21 EPS in the same period last year. The net profit margin was -20.32% and return on equity was -6.18% for CIFR. For the current quarter, analysts expect CIFR to generate $49.42M in revenue.
