With 15.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.13 million shares. The 52-week range on CIFR shows that it touched its highest point at $7.99 and its lowest point at $2.65 during that stretch. It currently has a 1-year price target of $7.84. Beta for the stock currently stands at 2.47.
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 -20.00%, but this was down by -47.71% over a month. Three-month performance dropped to -55.04% while six-month performance rose 6.57%. The stock lost -15.15% in the past year, while it has lost -33.62% so far this year. A look at the trailing 12-month EPS for CIFR yields -0.13 with Next year EPS estimates of 0.17. For the next quarter, that number is -0.05. This implies an EPS growth rate of 29.79% for this year and 275.37% for next year.
Float and Shares Shorts:
At present, 350.78 million CIFR shares are outstanding with a float of 249.07 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CIFR since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.18298 being high and -$0.32763 being low. For CIFR, this leads to a yearly average estimate of -$0.24295. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.08.
