Cipher Mining Inc (NASDAQ:CIFR) price on Thursday, May 09,rose 4.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.95.
A look at the stock’s price movement, the close in the last trading session was $3.78. The PE ratio in trailing twelve months stood at 81.61. Turning to its 52-week performance, $5.75 and $1.76 were the 52-week high and 52-week low respectively. Overall, CIFR moved -6.18% over the past month.
Cipher Mining Inc’s market cap currently stands at around $1.17 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CIFR is a 25% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
CIFR’s current price about -1.77% and -1.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.37, while 7-day volatility ratio is 9.54% and 10.06% in the 30-day chart. Further, Cipher Mining Inc (CIFR) has a beta value of 2.32, and an average true range (ATR) of 0.44.
If we refocus on Cipher Mining Inc (NASDAQ:CIFR), historical trading data shows that trading volumes averaged 8.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 290.96 million shares.
The 42.33% of Cipher Mining Inc’s shares are in the hands of company insiders while institutional holders own 12.51% of the company’s shares. Current price change has pushed the stock -4.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CIFR stock continues to rise going into the next quarter.