A share price of Cipher Mining Inc [CIFR] is currently trading at $5.57, up 15.32%. 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 5.89% over the last week, with a monthly amount drifted -10.02%, and not 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 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 $7.58 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $5.57 at the most recent close of the market. An investor can expect a potential return of 36.09% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
Trailing Twelve Months sales for Cipher Mining Inc [NASDAQ:CIFR] were 152.47M which represents -20.47% decline. 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 5.09 points at the first support level, and at 4.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.82, and for the 2nd resistance point, it is at 6.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cipher Mining Inc [NASDAQ:CIFR] 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 14.65, the price to book ratio is 2.88.
Transactions by insiders
Recent insider trading involved Bitfury Top HoldCo B.V., 10% Owner, that happened on Dec 17 ’24 when 3120.0 shares were sold. 10% Owner, Bitfury Top HoldCo B.V. completed a deal on Dec 16 ’24 to sell 0.3 million shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 0.25 million shares on Dec 17 ’24.
