Cipher Mining Inc (NASDAQ: CIFR) on Monday, plunged -4.30% from the previous trading day, before settling in for the closing price of $5.82. Within the past 52 weeks, CIFR’s price has moved between $2.15 and $7.99.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 1358.85%. The company achieved an average annual earnings per share of 46.62%. With a float of $193.06 million, this company’s outstanding shares have now reached $290.96 million.
Considering the fact that the conglomerate employs 35 people, you should pay attention to its efficiency factor.
Cipher Mining Inc (CIFR) Insider Activity
Observing investor behavior towards Capital Markets industry stocks is more important than anything else. The insider ownership of Cipher Mining Inc is 37.73%, while institutional ownership is 16.71%. The most recent insider transaction that took place on Jul 19 ’24, was worth 1,615,596. In this transaction 10% Owner of this company sold 261,847 shares at a rate of $6.17, taking the stock ownership to the 109,649,340 shares. Before that another transaction happened on Jul 18 ’24, when Company’s 10% Owner sold 609,644 for $6.23, making the entire transaction worth $3,799,220. This insider now owns 109,911,187 shares in total.
Cipher Mining Inc (CIFR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 46.62% per share during the next fiscal year.
Cipher Mining Inc (NASDAQ: CIFR) Trading Performance Indicators
Cipher Mining Inc (CIFR) is currently performing well based on its current performance indicators. A quick ratio of 8.08 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.04 in one year’s time.
Technical Analysis of Cipher Mining Inc (CIFR)
Compared to the last year’s volume of 8.96 million, its volume of 7.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.99%. Additionally, its Average True Range was 0.60.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 52.36%, which indicates a significant increase from 34.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 139.44% in the past 14 days, which was higher than the 112.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.70, while its 200-day Moving Average is $3.77. Nevertheless, the first resistance level for the watch stands at $6.01 in the near term. At $6.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.73. If the price goes on to break the first support level at $5.29, it is likely to go to the next support level at $5.02. Should the price break the second support level, the third support level stands at $4.57.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
Market capitalization of the company is 1.73 billion based on 310,029K outstanding shares. Right now, sales total 126,840 K and income totals -25,780 K. The company made 48,140 K in profit during its latest quarter, and 39,900 K in sales during its previous quarter.
