Cipher Mining Inc [NASDAQ: CIFR] loss -9.08% on the last trading session, reaching $5.21 price per share at the time.
If compared to the average trading volume of 11.17M shares, CIFR reached a trading volume of 10136906 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about 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 $8.43 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 1.00. 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.
JP Morgan have made an estimate for Cipher Mining Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 10, 2024. While these analysts kept the previous recommendation, Northland Capital 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 to $6, while Macquarie analysts kept a Outperform rating on CIFR stock. On June 11, 2024, analysts increased their price target for CIFR shares from 5 to 9.
The Average True Range (ATR) for Cipher Mining Inc is set at 0.70, with the Price to Sales ratio for CIFR stock in the period of the last 12 months amounting to 11.86. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 0.35.
Trading performance analysis for CIFR stock
Cipher Mining Inc [CIFR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -29.50. With this latest performance, CIFR shares dropped by -15.83% in over the last four-week period, additionally plugging by 22.88% over the last 6 months – not to mention a rise of 28.64% 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 40.34, with the RSI for the last a single of trading hit 34.82, and the three-weeks RSI is set at 43.99 for Cipher Mining Inc [CIFR]. The present Moving Average for the last 50 days of trading for this stock 6.07, while it was recorded at 6.04 for the last single week of trading, and 4.64 for the last 200 days.
Cipher Mining Inc [CIFR]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Cipher Mining Inc [CIFR]
There are presently around $30.87%, or 44.54%% 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%.
