Investors in cash trouble should check out Cipher Mining Inc (CIFR)

With 5.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.26 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $4.78 whereas the lowest price it dropped to was $4.315. The 52-week range on CIFR shows that it touched its highest point at $5.89 and its lowest point at $2.15 during that stretch. It currently has a 1-year price target of $6.58. Beta for the stock currently stands at 2.30.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CIFR was down-trending over the past week, with a drop of -7.42%, but this was up by 6.33% over a month. Three-month performance surged to 1.86% while six-month performance rose 11.76%. The stock gained 17.16% in the past year, while it has gained 5.81% so far this year. A look at the trailing 12-month EPS for CIFR yields 0.05 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.03. This implies an EPS growth rate of 46.62% for this year and 178.86% for next year.

Float and Shares Shorts:

At present, 290.96 million CIFR shares are outstanding with a float of 192.19 million shares on hand for trading. On 2024-06-14, short shares totaled 20.18 million, which was 651.0000000000001 higher than short shares on 1715731200. In addition to Mr. Rodney Tyler Page as the firm’s CEO & Director, Mr. Patrick Arthur Kelly serves as its Co-President & COO.

Institutional Ownership:

Through their ownership of 0.17815 of CIFR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CIFR reported revenue of $48137000.0 and operating income of -$1867000.0. The EBITDA in the recently reported quarter was $15197000.0 and diluted EPS was $0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIFR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.