A new trading day began on Monday, with Cipher Mining Inc (NASDAQ: CIFR) stock price down -10.27% from the previous day of trading, before settling in for the closing price of $7.11. CIFR’s price has 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
A company in the Financial sector has jumped its sales by 1358.85% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -137.41%. With a float of $234.73 million, this company’s outstanding shares have now reached $347.80 million.
In an organization with 35 employees, it is important to assess its efficiency. 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 32.51%, while institutional ownership is 29.17%. The most recent insider transaction that took place on Dec 06 ’24, was worth 1,306,489. In this transaction 10% Owner of this company sold 177,031 shares at a rate of $7.38, taking the stock ownership to the 98,120,557 shares. Before that another transaction happened on Dec 05 ’24, when Company’s 10% Owner sold 91,982 for $7.23, making the entire transaction worth $665,030. This insider now owns 98,297,588 shares in total.
Cipher Mining Inc (CIFR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -137.41% 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 15.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.00 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 11.04 million. That was better than the volume of 9.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.47%. Additionally, its Average True Range was 0.68.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 72.83%, which indicates a significant increase from 40.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.00% in the past 14 days, which was higher than the 103.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.59, while its 200-day Moving Average is $4.49. However, in the short run, Cipher Mining Inc’s stock first resistance to watch stands at $6.87. Second resistance stands at $7.36. The third major resistance level sits at $7.62. If the price goes on to break the first support level at $6.12, it is likely to go to the next support level at $5.86. The third support level lies at $5.37 if the price breaches the second support level.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
With a market capitalization of 2.29 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.
