A new trading day began on Monday, with Cipher Mining Inc (NASDAQ: CIFR) stock price down -1.51% from the previous day of trading, before settling in for the closing price of $6.63. CIFR’s price has ranged from $2.15 to $7.99 over the past 52 weeks.
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Annual sales at Financial sector company grew by 1358.85% over the past five years. Meanwhile, its annual earnings per share averaged -116.29%. With a float of $234.35 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 -2.2%, operating margin of -82.66%, and the pretax margin is -29.28%.
Cipher Mining Inc (CIFR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Capital Markets Industry. The insider ownership of Cipher Mining Inc is 32.62%, while institutional ownership is 28.83%. The most recent insider transaction that took place on Nov 08 ’24, was worth 380,633. In this transaction Co-President and COO of this company sold 53,161 shares at a rate of $7.16, taking the stock ownership to the 664,270 shares. Before that another transaction happened on Nov 07 ’24, when Company’s 10% Owner sold 300,000 for $6.60, making the entire transaction worth $1,980,000. This insider now owns 98,747,588 shares in total.
Cipher Mining Inc (CIFR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -116.29% per share during the next fiscal year.
Cipher Mining Inc (NASDAQ: CIFR) Trading Performance Indicators
Here are Cipher Mining Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.07 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 8.58 million, a negative change from its year-to-date volume of 9.34 million. As of the previous 9 days, the stock’s Stochastic %D was 46.35%. Additionally, its Average True Range was 0.59.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 72.63%, which indicates a significant increase from 58.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 133.58% in the past 14 days, which was higher than the 107.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.68, while its 200-day Moving Average is $4.26. Nevertheless, the first resistance level for the watch stands at $6.91 in the near term. At $7.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.52. If the price goes on to break the first support level at $6.30, it is likely to go to the next support level at $6.06. The third support level lies at $5.69 if the price breaches the second support level.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
With a market capitalization of 2.35 billion, the company has a total of 347,806K Shares Outstanding. Currently, annual sales are 126,840 K while annual income is -25,780 K. The company’s previous quarter sales were 24,100 K while its latest quarter income was -86,750 K.
