Cipher Mining Inc (NASDAQ:CIFR) shares traded 4.42% higher at $5.43 on Wall Street last session.
CIFR stock price is now -10.55% away from the 50-day moving average and 15.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.89B.
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, Bitfury Top HoldCo B.V., 10% Owner sold 3,120 shares of the company’s stock on Dec 17 ’24. The stock was sold for $23,556 at an average price of $7.55. Upon completion of the transaction, the 10% Owner now directly owns 97,567,437 shares in the company, valued at $529.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, 10% Owner Bitfury Top HoldCo B.V. sold 300,000 shares of the business’s stock. A total of $2,169,000 was realized by selling the stock at an average price of $7.23. This leaves the insider owning 97,820,557 shares of the company worth $531.17 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 $2.15 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 $6.0702 and a two-hundred day moving average price translates $4.709625 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. For the current quarter, analysts expect CIFR to generate $40.33M in revenue.
