In Tuesday’s Wall Street session, Cipher Mining Inc (NASDAQ:CIFR) shares traded at $3.04, down -5.00% from the previous session.
CIFR stock price is now -34.35% away from the 50-day moving average and -37.19% away from the 200-day moving average. The market capitalization of the company currently stands at $1.10B.
On March 07, 2025, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $6.50, while ‘Keefe Bruyette’ 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 $296.61 million. A total of 29.93% 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 fifty day moving average price for CIFR is $4.6306 and a two-hundred day moving average price translates $4.840175 for the stock.
The latest earnings results from Cipher Mining Inc (NASDAQ: CIFR) was released for 2024-12-31. 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. For the current quarter, analysts expect CIFR to generate $53.87M in revenue.
