Cipher Mining Inc (NASDAQ: CIFR) kicked off on Monday, down -5.84% from the previous trading day, before settling in for the closing price of $4.11. Over the past 52 weeks, CIFR has traded in a range of $2.15-$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. While this was happening, its average annual earnings per share was recorded 59.02%. With a float of $220.19 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.
Cipher Mining Inc (CIFR) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Cipher Mining Inc is 33.06%, while institutional ownership is 28.27%. The most recent insider transaction that took place on Sep 25 ’24, was worth 591,000. In this transaction Co-President and CLO of this company sold 150,000 shares at a rate of $3.94, taking the stock ownership to the 619,148 shares. Before that another transaction happened on Sep 25 ’24, when Company’s Officer proposed sale 150,000 for $3.94, making the entire transaction worth $591,502.
Cipher Mining Inc (CIFR) Performance Highlights and Predictions
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According to the Wall Street analysts, stocks earnings will be around 59.02% per share during the next fiscal year.
Cipher Mining Inc (NASDAQ: CIFR) Trading Performance Indicators
Take a look at Cipher Mining Inc’s (CIFR) current performance indicators. Last quarter, stock had a quick ratio of 8.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.02.
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 0.10 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 15.67 million. That was better than the volume of 9.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 84.68%. Additionally, its Average True Range was 0.33.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 22.77%, which indicates a significant decrease from 71.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.11% in the past 14 days, which was lower than the 95.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.94, while its 200-day Moving Average is $3.94. However, in the short run, Cipher Mining Inc’s stock first resistance to watch stands at $4.10. Second resistance stands at $4.33. The third major resistance level sits at $4.55. If the price goes on to break the first support level at $3.65, it is likely to go to the next support level at $3.43. Assuming the price breaks the second support level, the third support level stands at $3.20.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
The company with the Market Capitalisation of 1.27 billion has total of 310,029K Shares Outstanding. Its annual sales at the moment are 126,840 K in contrast with the sum of -25,780 K annual income. Company’s last quarter sales were recorded 36,810 K and last quarter income was -15,290 K.
