A new trading day began on Monday, with Cipher Mining Inc (NASDAQ: CIFR) stock price up 20.55% from the previous day of trading, before settling in for the closing price of $6.13. CIFR’s price has ranged from $2.15 to $7.99 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 1358.85%. Meanwhile, its annual earnings per share averaged -145.80%. With a float of $241.13 million, this company’s outstanding shares have now reached $347.80 million.
Considering the fact that the conglomerate employs 35 people, you should pay attention to its efficiency factor. 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 Activity
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 30.67%, 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -145.80% 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 15.92.
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)
Compared to the last year’s volume of 9.41 million, its volume of 11.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.37%. Additionally, its Average True Range was 0.69.
During the past 100 days, Cipher Mining Inc’s (CIFR) raw stochastic average was set at 92.57%, which indicates a significant increase from 86.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 138.51% in the past 14 days, which was higher than the 106.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.86, while its 200-day Moving Average is $4.57. Nevertheless, the first resistance level for the watch stands at $7.99 in the near term. At $8.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.52. If the price goes on to break the first support level at $6.46, it is likely to go to the next support level at $5.54. Should the price break the second support level, the third support level stands at $4.93.
Cipher Mining Inc (NASDAQ: CIFR) Key Stats
With a market capitalization of 2.43 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.
