Cipher Mining Inc (NASDAQ:CIFR) price on Wednesday, April 30, fall -7.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.85.
A look at the stock’s price movement, the close in the last trading session was $3.08, moving within a range at $2.77 and $2.97. The beta value (5-Year monthly) was 2.662. Turning to its 52-week performance, $7.99 and $1.86 were the 52-week high and 52-week low respectively. Overall, CIFR moved 23.91% over the past month.
Cipher Mining Inc’s market cap currently stands at around $1.06 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 52.64M for the company’s revenue for the quarter, with a low and high estimate of 44.2M and 65.58M respectively. The average forecast suggests up to a 9.35% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 280.57M, representing a 85.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CIFR is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend CIFR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CIFR’s current price about 11.84% and -10.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.74, while 7-day volatility ratio is 7.11% and 11.76% in the 30-day chart. Further, Cipher Mining Inc (CIFR) has a beta value of 2.60, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $6 and high of $9. Looking at the price targets, the low is -110.53% off current price level while to achieve the yearly target high, price needs to move -215.79%. Nonetheless, investors will most likely welcome a -163.16% jump to $7.5 which is the analysts’ median price.
If we refocus on Cipher Mining Inc (NASDAQ:CIFR), historical trading data shows that trading volumes averaged 12.32 over the past 10 days and 14.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 350.78 million shares.
The 29.96% of Cipher Mining Inc’s shares are in the hands of company insiders while institutional holders own 35.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 40.41 million on 2025-04-15, giving us a short ratio of 3.32. The data shows that as of 2025-04-15 short interest in Cipher Mining Inc (CIFR) stood at 1543.9998999999998 of shares outstanding, with shares short rising to 28.1 million registered in 2025-03-14. Current price change has pushed the stock -38.58% 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.
