On November 20, 2023, Cipher Mining Inc (NASDAQ: CIFR) opened at $2.45, higher 0.61% from the last session. During the day, the shares moved up to $2.63 and dropped to $2.44 before settling in for the closing price of $2.47. Price fluctuations for CIFR have ranged from $0.38 to $5.30 over the past 52 weeks.
Company’s average yearly earnings per share was noted 24.07% at the time writing. With a float of $53.52 million, this company’s outstanding shares have now reached $247.55 million.
The firm has a total of 26 workers. Let’s measure their productivity. In terms of profitability, gross margin is -94.20, operating margin of -2401.22, and the pretax margin is -1225.32.
Cipher Mining Inc (CIFR) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of Cipher Mining Inc is 78.98%, while institutional ownership is 7.20%. The most recent insider transaction that took place on Nov 09, was worth 29,500,000. In this transaction 10% Owner of this company sold 10,000,000 shares at a rate of $2.95, taking the stock ownership to the 191,931,387 shares. Before that another transaction happened on Aug 17, when Company’s Co-President and COO sold 35,000 for $3.19, making the entire transaction worth $111,650. This insider now owns 235,351 shares in total.
Cipher Mining Inc (CIFR) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.07 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.05) by -$0.02. This company achieved a net margin of -1285.91 while generating a return on equity of -11.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.07% per share during the next fiscal year.
Cipher Mining Inc (NASDAQ: CIFR) Trading Performance Indicators
Check out the current performance indicators for Cipher Mining Inc (CIFR). In the past quarter, the stock posted a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.22 in one year’s time.
Technical Analysis of Cipher Mining Inc (CIFR)
Analysing the last 5-days average volume posted by the [Cipher Mining Inc, CIFR], we can find that recorded value of 3.08 million was better than the volume posted last year of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 4.41%. Additionally, its Average True Range was 0.32.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 7.88%, which indicates a significant increase from 2.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.91% in the past 14 days, which was higher than the 101.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.85, while its 200-day Moving Average is $2.71. Now, the first resistance to watch is $2.60. This is followed by the second major resistance level at $2.71. The third major resistance level sits at $2.79. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.33. Now, if the price goes above the second support level, the third support stands at $2.22.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
There are currently 254,660K shares outstanding in the company with a market cap of 634.10 million. Presently, the company’s annual sales total 3,040 K according to its annual income of -39,050 K. Last quarter, the company’s sales amounted to 30,300 K and its income totaled -17,710 K.