Currently, there are 347.80M common shares owned by the public and among those 239.57M shares have been available to trade.
The company’s stock has a 5-day price change of -1.01% and -10.88% over the past three months. CIFR shares are trading 27.16% year to date (YTD), with the 12-month market performance up to 46.77% higher. It has a 12-month low price of $2.65 and touched a high of $7.99 over the same period. CIFR has an average intraday trading volume of 10.78 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 6.46%, 4.21%, and 21.54% respectively.
Institutional ownership of Cipher Mining Inc (NASDAQ: CIFR) shares accounts for 37.58% of the company’s 347.80M shares outstanding.
It has a market capitalization of $2.05B and a beta (3y monthly) value of 2.42. 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 6.73% over the week and 9.94% 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 0.54 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 -142.95%, and 94.87% over the next financial year.
JP Morgan coverage for the Cipher Mining Inc (CIFR) stock in a research note released on December 10, 2024 offered a Overweight rating with a price target of $8. Northland Capital was of a view on September 25, 2024 that the stock is Outperform, while Macquarie gave the stock Outperform rating on September 25, 2024, issuing a price target of $6. Cantor Fitzgerald on their part issued Overweight rating on June 11, 2024.
