Currently, there are 347.80M common shares owned by the public and among those 241.13M shares have been available to trade.
The company’s stock has a 5-day price change of 15.83% and 147.99% over the past three months. CIFR shares are trading 78.93% year to date (YTD), with the 12-month market performance up to 186.43% higher. It has a 12-month low price of $2.15 and touched a high of $7.99 over the same period. CIFR has an average intraday trading volume of 10.84 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 13.48%, 26.18%, and 61.65% respectively.
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Institutional ownership of Cipher Mining Inc (NASDAQ: CIFR) shares accounts for 29.17% of the company’s 347.80M shares outstanding.
It has a market capitalization of $2.43B and a beta (3y monthly) value of 2.31. The earnings-per-share (ttm) stands at -$0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.03% over the week and 10.95% over the month.
Analysts forecast that Cipher Mining Inc (CIFR) will achieve an EPS of 0.05 for the current quarter, 0.07 for the next quarter and 0.52 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.02 while analysts give the company a high EPS estimate of 0.02. Comparatively, EPS for the current quarter was 0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -145.80%, and 99.00% over the next financial year.
Looking at the support for the CIFR, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on December 10, 2024, with the firm’s price target at $8. Northland Capital coverage for the Cipher Mining Inc (CIFR) stock in a research note released on September 25, 2024 offered a Outperform rating with a price target of $6. Macquarie was of a view on September 25, 2024 that the stock is Outperform, while Cantor Fitzgerald gave the stock Overweight rating on June 11, 2024, issuing a price target of $5- $9. JP Morgan on their part issued Neutral rating on October 11, 2023.
