Cipher Mining Inc [CIFR] stock prices are up 3.19% to $7.11 at the moment. 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 6.12% over the last week, with a monthly amount glided 2.01%, 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.
The stock price of Cipher Mining Inc [CIFR] has been fluctuating between $2.15 and $7.99 over the past year. 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 $7.11 at the most recent close of the market. An investor can expect a potential return of 9.56% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
The Cipher Mining Inc [NASDAQ:CIFR] reported sales of 152.47M for trailing twelve months, representing a drop of -20.47%. Gross Profit Margin for this corporation currently stands at -0.02% with Operating Profit Margin at -0.83%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.08 and Total Capital is -0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 6.90 points at the first support level, and at 6.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.40, and for the 2nd resistance point, it is at 7.70.
Ratios To Look Out For
It’s worth pointing out that Cipher Mining Inc [NASDAQ:CIFR]’s Current Ratio is 2.57. Further, the Quick Ratio stands at 2.57, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 16.74, the price to book ratio is 3.68.
Transactions by insiders
Recent insider trading involved Bitfury Top HoldCo B.V., 10% Owner, that happened on Nov 29 ’24 when 0.28 million shares were sold. 10% Owner, Bitfury Top HoldCo B.V. completed a deal on Nov 21 ’24 to sell 73500.0 shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 6900.0 shares on Nov 20 ’24.
