A share price of Cipher Mining Inc [CIFR] is currently trading at $3.44, up 15.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The CIFR shares have gain 15.44% over the last week, with a monthly amount drifted -14.00%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
On September 15, 2023, BTIG Research initiated with a Buy rating and assigned a price target of $6 on the stock. Compass Point started tracking the stock assigning a Buy rating and suggested a price target of $4 on June 06, 2023. Canaccord Genuity initiated its recommendation with a Buy and recommended $4 as its price target on April 25, 2023. Cantor Fitzgerald started tracking with a Buy rating for this stock on March 14, 2023, and assigned it a price target of $3. In a note dated February 21, 2023, Needham initiated an Buy rating and provided a target price of $2.70 on this stock.
Cipher Mining Inc experienced fluctuations in its stock price throughout the past year between $2.15 and $7.99. Currently, Wall Street analysts expect the stock to reach $7.9 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $3.44 at the most recent close of the market. An investor can expect a potential return of 129.65% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
Trailing Twelve Months sales for Cipher Mining Inc [NASDAQ:CIFR] were 158.67M which represents 17.88% growth. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.33%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.16 points at the first support level, and at 2.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.60, and for the 2nd resistance point, it is at 3.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cipher Mining Inc [NASDAQ:CIFR] is 8.49. On the other hand, the Quick Ratio is 8.49, and the Cash Ratio is 3.36. Considering the valuation of this stock, the price to sales ratio is 7.13, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 67.85.
Transactions by insiders
Recent insider trading involved Bitfury Top HoldCo B.V., 10% Owner, that happened on Sep 10 ’24 when 2.0 million shares were sold. 10% Owner, Bitfury Top HoldCo B.V. completed a deal on Sep 09 ’24 to sell 1.9 million shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 1.9 million shares on Sep 06 ’24.