Currently, Cipher Mining Inc [CIFR] is trading at $5.46, down -2.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CIFR shares have gain 9.86% over the last week, with a monthly amount glided 31.88%, and 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:
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.
This stock has fluctuated between a low of $2.15 and a high of $7.99 over the last 52 weeks. 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 $5.46 at the most recent close of the market. An investor can expect a potential return of 42.67% 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. 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 5.34 points at the first support level, and at 5.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.59, and for the 2nd resistance point, it is at 5.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cipher Mining Inc [NASDAQ:CIFR] is 8.49. Further, the Quick Ratio stands at 8.49, while the Cash Ratio is 3.36. Considering the valuation of this stock, the price to sales ratio is 11.32, the price to book ratio is 2.60 and price to earnings (TTM) ratio is 107.69.
Transactions by insiders
Recent insider trading involved Kelly Patrick Arthur, Co-President and COO, that happened on Oct 15 ’24 when 89742.0 shares were sold. Officer, Kelly Patrick Arthur completed a deal on Oct 15 ’24 to buy 89742.0 shares. Meanwhile, Co-President and CLO Iwaschuk William sold 0.15 million shares on Sep 25 ’24.
