Cipher Mining Inc (NASDAQ: CIFR) on Monday, soared 9.26% from the previous trading day, before settling in for the closing price of $2.70. Within the past 52 weeks, CIFR’s price has moved between $2.15 and $7.99.
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A company in the Financial sector has jumped its sales by 1358.85% annually for the last half of the decade. The company achieved an average annual earnings per share of 32.30%. With a float of $206.85 million, this company’s outstanding shares have now reached $290.96 million.
In an organization with 35 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 28.11%. The most recent insider transaction that took place on Sep 04 ’24, was worth 5,750,780. In this transaction 10% Owner of this company sold 1,901,112 shares at a rate of $3.02, taking the stock ownership to the 107,748,228 shares. Before that another transaction happened on Sep 05 ’24, when Company’s 10% Owner sold 1,901,112 for $2.92, making the entire transaction worth $5,556,042. This insider now owns 105,847,116 shares in total.
Cipher Mining Inc (CIFR) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.07 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.05) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.30% 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 8.49 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 6.12.
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 0.12 in one year’s time.
Technical Analysis of Cipher Mining Inc (CIFR)
Let’s dig in a bit further. During the last 5-days, its volume was 8.32 million. That was inferior than the volume of 8.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 9.39%. Additionally, its Average True Range was 0.34.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 5.53%, which indicates a significant decrease from 18.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.22% in the past 14 days, which was lower than the 102.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.49, while its 200-day Moving Average is $3.89. However, in the short run, Cipher Mining Inc’s stock first resistance to watch stands at $3.03. Second resistance stands at $3.10. The third major resistance level sits at $3.25. If the price goes on to break the first support level at $2.81, it is likely to go to the next support level at $2.66. The third support level lies at $2.59 if the price breaches the second support level.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
Market capitalization of the company is 970.37 million based on 310,029K outstanding shares. Right now, sales total 126,840 K and income totals -25,780 K. The company made 36,810 K in profit during its latest quarter, and -15,290 K in sales during its previous quarter.
