At the time of writing, Cipher Mining Inc [CIFR] stock is trading at $5.20, down -0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The CIFR shares have gain 2.97% over the last week, with a monthly amount drifted -15.17%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on December 10, 2024, and kept the price target unchanged to $8. On September 25, 2024, Northland Capital initiated with a Outperform rating and assigned a price target of $6 on the stock. Macquarie started tracking the stock assigning a Outperform rating and suggested a price target of $6 on September 25, 2024. In a note dated September 15, 2023, BTIG Research initiated an Buy rating and provided a target price of $6 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 $7.58 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $5.20 at the most recent close of the market. An investor can expect a potential return of 45.77% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
According to Cipher Mining Inc [NASDAQ:CIFR], the company’s sales were 152.47M for trailing twelve months, which represents an -20.47% plunge. 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 0.03.
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 5.08 points at the first support level, and at 4.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.39, and for the 2nd resistance point, it is at 5.57.
Ratios To Look Out For
It is important to note that Cipher Mining Inc [NASDAQ:CIFR] has a current ratio of 2.57. On the other hand, the Quick Ratio is 2.57, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 11.86, the price to book ratio is 2.69.
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.
