On Monday, Cipher Mining Inc (NASDAQ: CIFR) opened lower -2.59% from the last sessionbefore settling in for the closing price of $3.09. Price fluctuations for CIFR have ranged from $2.15 to $7.99 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Financial Sector giant was 1358.85%. Company’s average yearly earnings per share was noted 32.30% at the time writing. With a float of $220.64 million, this company’s outstanding shares have now reached $290.96 million.
Let’s determine the extent of company efficiency that accounts for 35 employees. 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 32.93%, while institutional ownership is 28.11%. The most recent insider transaction that took place on Sep 10 ’24, was worth 5,926,236. In this transaction 10% Owner of this company sold 1,997,304 shares at a rate of $2.97, taking the stock ownership to the 100,047,588 shares. Before that another transaction happened on Sep 09 ’24, when Company’s 10% Owner sold 1,901,112 for $2.87, making the entire transaction worth $5,456,191. This insider now owns 102,044,892 shares in total.
Cipher Mining Inc (CIFR) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, 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 -0.03 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
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 6.24.
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)
Looking closely at Cipher Mining Inc (NASDAQ: CIFR), its last 5-days average volume was 6.49 million, which is a drop from its year-to-date volume of 8.79 million. As of the previous 9 days, the stock’s Stochastic %D was 53.43%. Additionally, its Average True Range was 0.31.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 6.65%, which indicates a significant decrease from 27.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.89% in the past 14 days, which was lower than the 97.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.34, while its 200-day Moving Average is $3.90. However, in the short run, Cipher Mining Inc’s stock first resistance to watch stands at $3.08. Second resistance stands at $3.15. The third major resistance level sits at $3.26. If the price goes on to break the first support level at $2.90, it is likely to go to the next support level at $2.79. Should the price break the second support level, the third support level stands at $2.72.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
There are currently 310,029K shares outstanding in the company with a market cap of 990.11 million. 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.
