At the time of writing, Cipher Mining Inc [CIFR] stock is trading at $4.32, up 3.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The CIFR shares have gain 7.46% over the last week, with a monthly amount glided 39.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cipher Mining Inc [NASDAQ: CIFR] stock has seen the most recent analyst activity on September 25, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $6. Previously, Macquarie started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $6. JP Morgan started tracking the stock assigning a Neutral rating. BTIG Research initiated its recommendation with a Buy and recommended $6 as its price target on September 15, 2023. Compass Point started tracking with a Buy rating for this stock on June 06, 2023, and assigned it a price target of $4. In a note dated April 25, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $4 on this stock.
For the past year, the stock price of Cipher Mining Inc fluctuated between $2.15 and $7.99. Currently, Wall Street analysts expect the stock to reach $7.79 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $4.32 at the most recent close of the market. An investor can expect a potential return of 80.32% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
According to Cipher Mining Inc [NASDAQ:CIFR], the company’s sales were 158.67M for trailing twelve months, which represents an 17.88% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 4.17 points at the first support level, and at 4.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.51, and for the 2nd resistance point, it is at 4.69.
Ratios To Look Out For
It is important to note that Cipher Mining Inc [NASDAQ:CIFR] has a current ratio of 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 8.96, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 85.21.
Transactions by insiders
Recent insider trading involved Iwaschuk William, Co-President and CLO, that happened on Sep 25 ’24 when 0.15 million shares were sold. Officer, Iwaschuk William completed a deal on Sep 25 ’24 to buy 0.15 million shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 2.0 million shares on Sep 10 ’24.
