Cipher Mining Inc. (NASDAQ:CIFR) saw a downside of -3.75% to close Monday at $3.34 after subtracting -$0.13 on the day. The 5-day average trading volume is 1,460,680 shares of the company’s common stock. It has gained $3.78 in the past week and touched a new high 2 times within the past 5 days. An average of 1,728,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,570,998.
CIFR’s 1-month performance is -10.46% or -$0.39 on its low of $3.16 reached on 08/07/23. The company’s shares have touched a 52-week low of $0.38 and high of $5.30, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, CIFR has achieved 496.43% or $2.78 and has reached a new high 19 times. However, the current price is down -36.92% from the 52-week high price.
Insider Transactions
CIFR stock investors last saw insider trading activity on Dec 01.Page Tyler (Chief Executive Officer) most recently sold 35,000 shares at $0.82 per share on Dec 01. This transaction cost the insider $28,679.
Valuation Metrics
CIFR stock has a beta of 2.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 34.45 while the price-to-book (PB) in the most recent quarter is 2.40.
Cipher Mining Inc.’s quick ratio for the recent period was 1.10, with the current ratio over the same period at 1.10. In terms of profitability, the gross margin trailing 12 months is 64.30%. The trailing 12-month EBITDA margin is -2231.64%. The firm’s gross profit as reported stood at $2.29 million against revenue of $3.04 million.
Earnings Surprise
Net income shrunk -165.15% to -$6.6 million, while revenue of -$51.63 million was -682.27% off the previous quarter. EBITDA for the quarter stood at more than $5.71 million. CIFR stock balance sheet for the recent quarter shows that total liabilities totaled 68.06 million, with total debt at $20.81 million. Shareholders hold equity totaling $248.94 million.
Let’s look briefly at Cipher Mining Inc. (CIFR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 36.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 78.46%.
The stock’s 5-day moving average is $3.53, reflecting a -12.11% or -$0.46 change from its current price. CIFR is currently trading -22.69% above its 20-day SMA, +98.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +45.85% and SMA200 by+275.28%.
Stochastic %K and %D was 8.79% and 11.01% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 43.18%, while the 14-day stochastic is at 9.63% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cipher Mining Inc. (NASDAQ: CIFR), Compass Point launched coverage with a Buy rating. Analysts offering their rating for CIFR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CIFR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is CIFR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $6.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Cipher Mining Inc. (CIFR) stock is $4.70.
