A share price of Cipher Mining Inc [CIFR] is currently trading at $4.16, up 10.93%. 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 lost -0.36% over the last week, with a monthly amount drifted -28.52%, 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.
Cipher Mining Inc experienced fluctuations in its stock price throughout the past year between $2.65 and $7.99. Currently, Wall Street analysts expect the stock to reach $7.5 within the next 12 months. Cipher Mining Inc [NASDAQ: CIFR] shares were valued at $4.16 at the most recent close of the market. An investor can expect a potential return of 80.29% based on the average CIFR price forecast.
Analyzing the CIFR fundamentals
Trailing Twelve Months sales for Cipher Mining Inc [NASDAQ:CIFR] were 151.27M which represents -2.75% decline. Gross Profit Margin for this corporation currently stands at -0.06% with Operating Profit Margin at -0.66%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 3.91 points at the first support level, and at 3.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.29, and for the 2nd resistance point, it is at 4.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cipher Mining Inc [NASDAQ:CIFR] is 1.28. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 9.94, the price to book ratio is 2.14.
Transactions by insiders
Recent insider trading involved GROSSMAN CARY M, Director, that happened on Feb 26 ’25 when 50000.0 shares were purchased. 10% Owner, Bitfury Top HoldCo B.V. completed a deal on Dec 17 ’24 to sell 3120.0 shares. Meanwhile, 10% Owner Bitfury Top HoldCo B.V. sold 0.3 million shares on Dec 16 ’24.
