On Monday, Cipher Mining Inc (NASDAQ: CIFR) was 8.25% up from the session before settling in for the closing price of $4.97. A 52-week range for CIFR has been $2.15 – $7.99.
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%. When this article was written, the company’s average yearly earnings per share was at 56.02%. With a float of $220.19 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cipher Mining Inc stocks. The insider ownership of Cipher Mining Inc is 33.06%, while institutional ownership is 28.92%. The most recent insider transaction that took place on Oct 15 ’24, was worth 392,442. In this transaction Co-President and COO of this company sold 89,742 shares at a rate of $4.37, taking the stock ownership to the 717,431 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Officer proposed sale 89,742 for $4.37, making the entire transaction worth $392,478.
Cipher Mining Inc (CIFR) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.07 earnings per share (EPS) during the time that was less than consensus figure (set at -0.05) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.02% per share during the next fiscal year.
Cipher Mining Inc (NASDAQ: CIFR) Trading Performance Indicators
You can see what Cipher Mining Inc (CIFR) is doing with its current performance indicators. In the most recent 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 11.15.
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)
Looking closely at Cipher Mining Inc (NASDAQ: CIFR), its last 5-days average volume was 12.06 million, which is a jump from its year-to-date volume of 9.06 million. As of the previous 9 days, the stock’s Stochastic %D was 93.19%. Additionally, its Average True Range was 0.37.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 51.08%, which indicates a significant decrease from 99.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.82% in the past 14 days, which was lower than the 99.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.71, while its 200-day Moving Average is $3.97. However, in the short run, Cipher Mining Inc’s stock first resistance to watch stands at $5.64. Second resistance stands at $5.90. The third major resistance level sits at $6.41. If the price goes on to break the first support level at $4.87, it is likely to go to the next support level at $4.36. Should the price break the second support level, the third support level stands at $4.10.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
There are 310,029K outstanding shares of the company, which has a market capitalization of 1.77 billion. As of now, sales total 126,840 K while income totals -25,780 K. Its latest quarter income was 36,810 K while its last quarter net income were -15,290 K.
