On Friday, Cipher Mining Inc (NASDAQ: CIFR) opened lower -2.23% from the last session, before settling in for the closing price of $3.59. Price fluctuations for CIFR have ranged from $2.15 to $7.99 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 33.73% at the time writing. With a float of $204.84 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. In terms of profitability, gross margin is 12.38%, operating margin of -33.3%, and the pretax margin is 17.08%.
Cipher Mining Inc (CIFR) Insider Activity
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 37.73%, while institutional ownership is 28.07%. The most recent insider transaction that took place on Jul 18 ’24, was worth 3,799,220. In this transaction 10% Owner of this company sold 609,644 shares at a rate of $6.23, taking the stock ownership to the 109,911,187 shares. Before that another transaction happened on Jul 19 ’24, when Company’s 10% Owner sold 261,847 for $6.17, making the entire transaction worth $1,615,596. This insider now owns 109,649,340 shares in total.
Cipher Mining Inc (CIFR) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 33.73% 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 8.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit -0.07 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 8.88 million, its volume of 8.06 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.80%. Additionally, its Average True Range was 0.37.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 4.48%, which indicates a significant increase from 2.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.01% in the past 14 days, which was lower than the 100.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.62, while its 200-day Moving Average is $3.88. Nevertheless, the first resistance level for the watch stands at $3.62 in the near term. At $3.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.80. If the price goes on to break the first support level at $3.44, it is likely to go to the next support level at $3.38. Should the price break the second support level, the third support level stands at $3.26.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
There are currently 310,029K shares outstanding in the company with a market cap of 1.15 billion. Presently, the company’s annual sales total 126,840 K according to its annual income of -25,780 K. Last quarter, the company’s sales amounted to 36,810 K and its income totaled -15,290 K.
