Cipher Mining Inc [NASDAQ: CIFR] price surged by 2.30 percent to reach at $0.15.
The one-year CIFR stock forecast points to a potential upside of 17.33. The average equity rating for CIFR stock is currently 1.20, trading closer to a bullish pattern in the stock market.
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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 $8.08 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 1.20. 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.
Northland Capital have made an estimate for Cipher Mining Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 25, 2024. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on September 25, 2024, representing the official price target for Cipher Mining Inc stock. Previously, the target price had yet another raise from $5 to $9, while Cantor Fitzgerald kept a Overweight rating on CIFR stock.
The Average True Range (ATR) for Cipher Mining Inc is set at 0.58, with the Price to Sales ratio for CIFR stock in the period of the last 12 months amounting to 15.24. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 0.35.
CIFR Stock Performance Analysis:
Cipher Mining Inc [CIFR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.12. With this latest performance, CIFR shares gained by 24.16% in over the last four-week period, additionally plugging by 66.17% over the last 6 months – not to mention a rise of 169.90% 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 61.39, with the RSI for the last a single of trading hit 59.42, and the three-weeks RSI is set at 61.66 for Cipher Mining Inc [CIFR]. The present Moving Average for the last 50 days of trading for this stock 4.75, while it was recorded at 6.58 for the last single week of trading, and 4.29 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 2.57 and a Current Ratio set at 2.57.
CIFR Stock EPS
With the latest financial reports released by the company, Cipher Mining Inc posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 $30.26%, or 43.71%% 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%.
