Cipher Mining Inc [NASDAQ: CIFR] stock went on a downward path that fall over -2.59% on Monday, amounting to a one-week price increase of more than 2.03%.
Over the last 12 months, CIFR stock rose by 6.74%. The one-year Cipher Mining Inc stock forecast points to a potential upside of 61.36. The average equity rating for CIFR stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $990.11 million, with 290.96 million shares outstanding and 220.64 million shares in the current float. Compared to the average trading volume of 9.81M shares, CIFR stock reached a trading volume of 4483448 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Cipher Mining Inc [CIFR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CIFR shares is $7.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CIFR stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Cipher Mining Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 11, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on October 11, 2023, representing the official price target for Cipher Mining Inc stock. Previously, the target price had yet another raise to $6, while BTIG Research analysts kept a Buy rating on CIFR stock.
The Average True Range (ATR) for Cipher Mining Inc is set at 0.31, with the Price to Sales ratio for CIFR stock in the period of the last 12 months amounting to 6.24. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 0.79.
CIFR Stock Performance Analysis:
Cipher Mining Inc [CIFR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.03. With this latest performance, CIFR shares dropped by -22.02% in over the last four-week period, additionally sinking by -14.73% over the last 6 months – not to mention a rise of 6.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CIFR stock in for the last two-week period is set at 35.87, with the RSI for the last a single of trading hit 35.02, and the three-weeks RSI is set at 38.01 for Cipher Mining Inc [CIFR]. The present Moving Average for the last 50 days of trading for this stock 4.34, while it was recorded at 3.08 for the last single week of trading, and 3.90 for the last 200 days.
Insight into Cipher Mining Inc Fundamentals:
Cipher Mining Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.49 and a Current Ratio set at 8.49.
CIFR Stock EPS
With the latest financial reports released by the company, Cipher Mining Inc posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CIFR.
Cipher Mining Inc [CIFR] Institutonal Ownership Details
There are presently around $29.12%, or 43.43%% of CIFR stock, in the hands of institutional investors. The top three institutional holders of CIFR stocks are: VANGUARD GROUP INC with ownership of 13.0 million shares, which is approximately 4.3816%. BLACKROCK INC., holding 12.31 million shares of the stock with an approximate value of $$51.07 million in CIFR stocks shares; and BLACKROCK INC., currently with $$34.94 million in CIFR stock with ownership which is approximately 2.838%.
