Cipher Mining Inc (CIFR) is 21.98% away from 50-day simple Moving Average despite all headwinds

On Monday, Cipher Mining Inc (NASDAQ: CIFR) opened higher 16.42% from the last session, before settling in for the closing price of $3.35. Price fluctuations for CIFR have ranged from $1.26 to $5.60 over the past 52 weeks.

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Company’s average yearly earnings per share was noted 23.20% at the time writing. With a float of $71.68 million, this company’s outstanding shares have now reached $247.55 million.

Cipher Mining Inc (CIFR) Insider and Institutional Ownership

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 71.85%, while institutional ownership is 7.82%. 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) Latest Financial update

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. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 23.20% 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 11.49.

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 -0.18 in one year’s time.

Technical Analysis of Cipher Mining Inc (CIFR)

Cipher Mining Inc (NASDAQ: CIFR) saw its 5-day average volume 7.53 million, a negative change from its year-to-date volume of 8.23 million. As of the previous 9 days, the stock’s Stochastic %D was 81.23%. Additionally, its Average True Range was 0.38.

During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 50.65%, which indicates a significant decrease from 96.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 162.85% in the past 14 days, which was higher than the 122.53% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.22, while its 200-day Moving Average is $3.03. Nevertheless, the first resistance level for the watch stands at $4.12 in the near term. At $4.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.72. If the price goes on to break the first support level at $3.52, it is likely to go to the next support level at $3.14. The third support level lies at $2.92 if the price breaches the second support level.

Cipher Mining Inc (NASDAQ: CIFR) Key Stats

There are currently 254,660K shares outstanding in the company with a market cap of 993.17 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.