Cipher Mining Inc (NASDAQ: CIFR) Is Getting Increasingly Hard To Ignore

Currently, there are 290.96M common shares owned by the public and among those 150.38M shares have been available to trade.

The company’s stock has a 5-day price change of 6.63% and -2.28% over the past three months. CIFR shares are trading 24.70% year to date (YTD), with the 12-month market performance up to 171.05% higher. It has a 12-month low price of $1.76 and touched a high of $5.66 over the same period. CIFR has an average intraday trading volume of 9.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 34.53%, 52.71%, and 58.50% respectively.

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Institutional ownership of Cipher Mining Inc (NASDAQ: CIFR) shares accounts for 12.11% of the company’s 290.96M shares outstanding.

It has a market capitalization of $1.53B and a beta (3y monthly) value of 2.23. The earnings-per-share (ttm) stands at -$0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.92% over the week and 13.57% over the month.

Analysts forecast that Cipher Mining Inc (CIFR) will achieve an EPS of $0 for the current quarter, -$0.04 for the next quarter and $0.31 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 5.54%, and 339.75% over the next financial year.

BTIG Research coverage for the Cipher Mining Inc (CIFR) stock in a research note released on September 15, 2023 offered a Buy rating with a price target of $6. Compass Point was of a view on June 06, 2023 that the stock is Buy, while Canaccord Genuity gave the stock Buy rating on April 25, 2023, issuing a price target of $4. Cantor Fitzgerald on their part issued Buy rating on March 14, 2023.

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