The Vanguard Group, Inc. has recently announced that it has increased stake in Cipher Mining Inc (NASDAQ:CIFR) by 2.98%. After grabbing 3.22 million shares, the institutional investor is now in possession of 93130.0 shares of the Financial Company. The new investment brought the stake of investor firm to 1.26% having worth around $13.3 million. Moreover, BlackRock Fund Advisors increased its share by 0.49 million to have a control over 2.69 million shares. And SSgA Funds Management, Inc. raised its holdings to 93382.0 shares by acquiring 2.29 million shares or 0.90% of the stake.
Cipher Mining Inc (CIFR) concluded trading on Wednesday at a closing price of $2.29, with 14.79 million shares of worth about $33.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.11% during that period and On Wednesday, January 24 the price saw a loss of about -16.61%. Currently the company’s common shares owned by public are about 247.55M shares, out of which, 55.55M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 1,627,843 shares in 25 of the transactions. In 9 selling transactions, insiders dumped 10,732,711 shares.
Amplify Transformational Data Sha, SPDR S&P Kensho New Economies Com, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Cipher Mining Inc Amplify Transformational Data Sha is currently holding 3.95 million shares of worth totaling $16.3 million. The company recently came buying 0.0 shares which brought its stake up to 1.55% of the company’s outstanding shares. SPDR S&P Kensho New Economies Com sold 1616.0 shares, after which its hold over company’s outstanding shares shrunk to 0.65%, leaving 1.65 million shares with the mutual fund that have a worth of about $6.8 million. Vanguard Total Stock Market ETF, after buying 1.31 million shares, have now control over 0.51% of the stake in the company. It holds 0.0 shares of worth $5.4 million.
However, the stock later moved at a day high price of 2.8600, or with a loss of -16.61%. Stock saw a price change of -18.39% in past 5 days and over the past one month there was a price change of -43.58%. Year-to-date (YTD), CIFR shares are showing a performance of -44.67% which increased to 98.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.03 but also hit the highest price of $5.60 during that period. The average intraday trading volume for Cipher Mining Inc shares is 7.07 million. The stock is currently trading -38.55% below its 20-day simple moving average (SMA20), while that difference is down -28.17% for SMA50 and it goes to -24.02% lower than SMA200.
The Vanguard Group, Inc. acquired 3.22 million shares of Cipher Mining Inc having value of about $13.3 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 93130.0 shares in the company valued at close to $213267.7, or have control over 2.98% stake in the company. Cipher Mining Inc (NASDAQ: CIFR) currently have 247.55M outstanding shares and institutions hold larger chunk of about 7.45% of that. Holding of mutual funds in the company is about 2.82% while other institutional holders and individual stake holders have control over 7.72% and 0.44% of the stake respectively.
The stock has a current market capitalization of $581.90M and its 3Y-monthly beta is at 2.11. It has posted earnings per share of -$0.36 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CIFR, volatility over the week remained 13.50% while standing at 13.55% over the month.
Analysts are in expectations that Cipher Mining Inc (CIFR) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.16 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 23.23% while it is estimated to increase by 12.03% in next year.
