Cipher Mining Inc [CIFR] stock is trading at $7.39, up 20.55%. 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 15.83% over the last week, with a monthly amount glided 15.11%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cipher Mining Inc [NASDAQ: CIFR] stock has seen the most recent analyst activity on December 10, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $8 for it. Previously, Northland Capital started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $6. On September 25, 2024, Macquarie initiated with a Outperform rating and assigned a price target of $6 on the stock. JP Morgan initiated its recommendation with a Neutral. BTIG Research started tracking with a Buy rating for this stock on September 15, 2023, and assigned it a price target of $6. In a note dated June 06, 2023, Compass Point initiated an Buy rating and provided a target price of $4 on this stock.
Cipher Mining Inc [CIFR] stock has fluctuated between $2.15 and $7.99 over the past year. Currently, Wall Street analysts expect the stock to reach $7.58 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $7.39 at the most recent close of the market. An investor can expect a potential return of 2.57% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
Cipher Mining Inc [NASDAQ:CIFR] reported sales of 152.47M for the trailing twelve months, which represents 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 6.46 points at the first support level, and at 5.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.99, and for the 2nd resistance point, it is at 8.60.
Ratios To Look Out For
For context, Cipher Mining Inc’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 15.92, the price to book ratio is 3.82.
Transactions by insiders
Recent insider trading involved Bitfury Top HoldCo B.V., 10% Owner, that happened on Dec 06 ’24 when 0.18 million shares were sold. 10% Owner, Bitfury Top HoldCo B.V. completed a deal on Dec 05 ’24 to sell 91982.0 shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 0.28 million shares on Nov 29 ’24.
