On Monday, Cipher Mining Inc (NASDAQ: CIFR) was 3.77% up from the session before settling in for the closing price of $7.16. A 52-week range for CIFR has been $2.15 – $7.99.
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Annual sales at Financial sector company grew by 1358.85% over the past five years. When this article was written, the company’s average yearly earnings per share was at -96.67%. With a float of $233.97 million, this company’s outstanding shares have now reached $290.96 million.
Let’s look at the performance matrix of the company that is accounted for 35 employees. In terms of profitability, gross margin is 7.47%, operating margin of -98.47%, and the pretax margin is -26.92%.
Cipher Mining Inc (CIFR) Insider Updates
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 32.73%, while institutional ownership is 29.48%. The most recent insider transaction that took place on Nov 08 ’24, was worth 380,486. Before that another transaction happened on Nov 06 ’24, when Company’s Co-President and CLO sold 600 for $7.00, making the entire transaction worth $4,200. This insider now owns 618,548 shares in total.
Cipher Mining Inc (CIFR) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.05 earnings per share (EPS) during the time that was better than consensus figure (set at -0.04) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -96.67% 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 2.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of Cipher Mining Inc (CIFR)
Cipher Mining Inc (NASDAQ: CIFR) saw its 5-day average volume 19.02 million, a positive change from its year-to-date volume of 9.36 million. As of the previous 9 days, the stock’s Stochastic %D was 93.59%. Additionally, its Average True Range was 0.54.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 89.50%, which indicates a significant increase from 88.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.81% in the past 14 days, which was higher than the 108.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.30, while its 200-day Moving Average is $4.17. Nevertheless, the first resistance level for the watch stands at $7.78 in the near term. At $8.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.48. If the price goes on to break the first support level at $7.08, it is likely to go to the next support level at $6.72. Assuming the price breaks the second support level, the third support level stands at $6.38.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
There are 347,806K outstanding shares of the company, which has a market capitalization of 2.66 billion. As of now, sales total 126,840 K while income totals -25,780 K. Its latest quarter income was 24,100 K while its last quarter net income were -86,750 K.
