Cipher Mining Inc (NASDAQ:CIFR) traded at $4.04 at close of the session on Monday, April 29, made a downward move of -10.22% on its previous day’s price.
Looking at the stock we see that its previous close was $4.50. In terms of its 52-week price range, CIFR has a high of $5.75 and a low of $1.76. The company’s stock has lost about -21.55% over that past 30 days.
Cipher Mining Inc has a market cap of $1.20 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year raised at -$0.1 for 2024 and $0.39 for next year. These figures represent 0.00% and 490.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $50.75 million, with a low of $45.2 million and a high of $55.56 million. The median projection represents growth squeezing down to 121.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $167.96 million, or 32.40% up from figures reported last year.
On the other hand, looking at the outlook for the CIFR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is -3.00% off its SMA20 and 3.05% from its 50-day simple moving average. The RSI (14) is pointing at 48.32 while the volatility over the past week is 8.43% and jumps to 9.86% over the past one month. The beta value is 2.26, while the average true range (ATR) is currently pointing at 0.45.
Coming back to Cipher Mining Inc (NASDAQ:CIFR), we note that the average 3-month trading volume was 8.80 million. Current shares outstanding are 290.96 million.
The insiders hold 42.33% of the company’s shares while institutions hold 12.41%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -2.18% down in year-to-date price movement.
