Better Times Ahead For Cipher Mining Inc (NASDAQ: CIFR)?

Cipher Mining Inc (CIFR) concluded trading on Wednesday at a closing price of $2.51, with 4.32 million shares of worth about $10.85 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.71% during that period and on Wednesday February 7 the price saw a loss of about -3.09%. Currently the company’s common shares owned by public are about 247.55M shares, out of which, 71.68M shares are available for trading.

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.

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However, the stock later moved at a day high price of 2.6350, or with a loss of -3.09%. Stock saw a price change of -17.43% in past 5 days and over the past one month there was a price change of -37.87%. Year-to-date (YTD), CIFR shares are showing a performance of -39.23% which increased to 37.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.26 but also hit the highest price of $5.60 during that period. The average intraday trading volume for Cipher Mining Inc shares is 8.15 million. The stock is currently trading -13.68% below its 20-day simple moving average (SMA20), while that difference is down -21.12% for SMA50 and it goes to -16.76% lower than SMA200.

Cipher Mining Inc (NASDAQ: CIFR) currently have 247.55M outstanding shares and institutions hold larger chunk of about 7.82% of that.

The stock has a current market capitalization of $639.20M and its 3Y-monthly beta is at 2.10. 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 9.08% while standing at 11.62% 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 -$0.02 and it is -$0.17 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 23.20% while it is estimated to increase by 11.25% in next year.

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