Should I buy or sell Cipher Mining stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CIFR shares. View CIFR analyst ratings or view top-rated stocks .

What is Cipher Mining's stock price target for 2024?

7 brokers have issued 12 month price targets for Cipher Mining's stock. Their CIFR share price targets range from $4.50 to $6.00. On average, they predict the company's share price to reach $5.25 in the next year. This suggests a possible upside of 36.7% from the stock's current price. View analysts price targets for CIFR or view top-rated stocks among Wall Street analysts .

How have CIFR shares performed in 2024?

Cipher Mining's stock was trading at $4.13 at the beginning of 2024. Since then, CIFR stock has decreased by 7.0% and is now trading at $3.84. View the best growth stocks for 2024 here .

Are investors shorting Cipher Mining?

Cipher Mining saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,060,000 shares, a decline of 19.5% from the March 15th total of 17,460,000 shares. Based on an average daily trading volume, of 9,120,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 9.4% of the shares of the stock are sold short. View Cipher Mining's Short Interest .

When is Cipher Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our CIFR earnings forecast .

How can I listen to Cipher Mining's earnings call?

Cipher Mining will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Cipher Mining's earnings last quarter?

Cipher Mining Inc. (NASDAQ:CIFR) issued its quarterly earnings data on Tuesday, March, 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company earned $43.42 million during the quarter, compared to analyst estimates of $35.73 million. Cipher Mining had a negative net margin of 20.32% and a negative trailing twelve-month return on equity of 6.78%.

What ETFs hold Cipher Mining's stock?

ETFs with the largest weight of Cipher Mining (NASDAQ:CIFR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI) , Schwab Crypto Thematic ETF (STCE) , VanEck Digital Transformation ETF (DAPP) , iShares Blockchain and Tech ETF (IBLC) , Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) , Bitwise Crypto Industry Innovators ETF (BITQ) , Grayscale Future of Finance ETF (GFOF) and Invesco Alerian Galaxy Crypto Economy ETF (SATO) .

Who are Cipher Mining's major shareholders?

Cipher Mining's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Hennion & Walsh Asset Management Inc. (0.04%) and Wealth Enhancement Advisory Services LLC (0.04%). Insiders that own company stock include Cary M Grossman, Top Holdco BV Bitfury, Tyler Page and William Iwaschuk. View institutional ownership trends .

How do I buy shares of Cipher Mining?

Shares of CIFR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CIFR

Cipher Mining (CIFR) Stock Price, News & Analysis

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$3.84

+0.16 (+4.35%)

(As of 04/19/2024 ET)

Compare

Today's Range: $3.56
▼
$3.99
50-Day Range: $2.85
▼
$5.33
52-Week Range: $1.76
▼
$5.75

Volume: 8.23 million shs
Average Volume: 8.83 million shs
Market Capitalization: $1.14 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.25

Get Cipher Mining alerts:

Cipher Mining MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 36.7% Upside
$5.25 Price Target
Short Interest: Healthy
9.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.51
Based on 15 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.15) to $0.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.99 out of 5 stars

Business Services Sector

206th out of 305 stocks

Nondepository Credit Institutions Industry

28th out of 45 stocks

3.4

Analyst's Opinion

Consensus Rating
Cipher Mining has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Cipher Mining has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
9.35% of the float of Cipher Mining has been sold short.
Short Interest Ratio / Days to Cover
Cipher Mining has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cipher Mining has recently decreased by 19.47%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Cipher Mining does not currently pay a dividend.
Dividend Growth
Cipher Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CIFR.

2.5

News and Social Media Coverage

News Sentiment
Cipher Mining has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Cipher Mining this week, compared to 3 articles on an average week.
Search Interest
Only 22 people have searched for CIFR on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
12 people have added Cipher Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cipher Mining insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.25% of the stock of Cipher Mining is held by insiders.
Percentage Held by Institutions
Only 12.26% of the stock of Cipher Mining is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Cipher Mining are expected to grow in the coming year, from ($0.15) to $0.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cipher Mining is -38.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cipher Mining is -38.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cipher Mining has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Cipher Mining Stock (NASDAQ:CIFR)

Cipher Mining Inc., together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc. operates as a subsidiary of Bitfury Holding B.V.

CIFR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CIFR Stock News Headlines

April 19, 2024 | msn.com

3 best positioned Bitcoin mining stocks after halving - Cantor Fitzgerald

April 19, 2024 | msn.com

What You Need To Know Ahead of The Bitcoin Halving

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 19, 2024 | americanbankingnews.com

Investors Purchase Large Volume of Cipher Mining Call Options (NASDAQ:CIFR)

April 17, 2024 | globenewswire.com

Cipher Mining Announces Date of First Quarter 2024 Business Update Conference Call

April 17, 2024 | finance.yahoo.com

Bitcoin Miners Optimistic Despite Underperformance, According to Bernstein Report

April 16, 2024 | msn.com

2 crypto mining stocks to consider amid recent Bitcoin price weakness - JPMorgan

April 16, 2024 | benzinga.com

What the Options Market Tells Us About Cipher Mining

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 13, 2024 | americanbankingnews.com

Cipher Mining (NASDAQ:CIFR) Trading Down 4.3%

April 11, 2024 | za.investing.com

JPMorgan tweaks price targets and ratings for bitcoin miners

April 9, 2024 | seekingalpha.com

Cipher Mining: Liquid And Worth A Look

April 8, 2024 | investorplace.com

3 Stock Trades to Make for 50% Returns in Q2 2024

April 3, 2024 | investorplace.com

The 3 Most Undervalued Blockchain Stocks to Buy in April 2024

April 2, 2024 | msn.com

What's Going On With Bitcoin Mining Stock Cipher Mining?

April 2, 2024 | marketwatch.com

Cipher Mining Shares Drop 17% After Drop in March Bitcoin Production

April 1, 2024 | finance.yahoo.com

Cipher Mining Announces March 2024 Operational Update

March 27, 2024 | finance.yahoo.com

Retail investors in Cipher Mining Inc. (NASDAQ:CIFR) are its biggest bettors, and their bets paid off as stock gained 27% last week

March 25, 2024 | theglobeandmail.com

3 'Strong Buy' Growth Stocks to Scoop Up Now

March 25, 2024 | msn.com

Bitcoin Mining Stocks Are Rallying Monday: What's Going On?

March 21, 2024 | nasdaq.com

CIFR Quantitative Stock Analysis

March 20, 2024 | finance.yahoo.com

CIFR Sep 2024 2.500 call

March 20, 2024 | msn.com

Bitcoin mining stocks: JPMorgan revisits coverage amid crypto selloff

March 20, 2024 | finance.yahoo.com

CIFR Sep 2024 3.500 put

March 18, 2024 | markets.businessinsider.com

Buy Rating for Cipher Mining on Revised Revenue and Bullish Bitcoin Outlook

March 18, 2024 | markets.businessinsider.com

Beyond The Numbers: 8 Analysts Discuss Cipher Mining Stock

March 12, 2024 | prnewswire.com

CIFR ALERT: Levi & Korsinsky, LLP Commences an Investigation of Cipher Mining, Inc. (CIFR) f/k/a Good Works Acquisition Corp. (GWAC)

See More Headlines

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Company Calendar

Last Earnings: 3/05/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:CIFR
CUSIP: N/A
CIK: 1819989
Web: www.ciphermining.com
Phone: 332-262-2300
Fax: N/A
Employees: 35
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.25
High Stock Price Target: $6.00
Low Stock Price Target: $4.50
Potential Upside/Downside: +36.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.10)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-25,780,000.00
Net Margins: -20.32%
Pretax Margin: -17.51%
Return on Equity: -6.78%
Return on Assets: -5.69%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 4.60
Quick Ratio: 4.60

Sales & Book Value

Annual Sales: $126.84 million
Price / Sales: 8.98
Cash Flow: $0.15 per share
Price / Cash Flow: 25.51
Book Value: $1.93 per share
Price / Book: 1.99

Miscellaneous

Outstanding Shares: 296,490,000
Free Float: 289,822,000
Market Cap: $1.14 billion
Optionable: Optionable
Beta: 2.22

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Key Executives

Mr. Rodney Tyler Page (Age 48)
CEO & Director
Comp: $3.06M
Mr. Patrick Arthur Kelly (Age 44)
Co-President & COO
Comp: $1.61M
Mr. William Iwaschuk (Age 48)
Co-President, Chief Legal Officer & Corporate Secretary
Comp: $1.62M
Mr. Edward John Farrell CPA (Age 63)
Chief Financial Officer
Comp: $1.61M
Mr. Richard Carter Jr.
Senior Accountant
Mr. Bryan Keller
Chief Technology Officer
Ms. Olivia Stennett
Chief Administrative Officer
Mr. Joshua Kane
Head of Investor Relation
Mr. Samy Biyadi
Head of Power
Ms. Courtney Frazier
Head of Corporate Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CIFR Stock Analysis - Frequently Asked Questions

Should I buy or sell Cipher Mining stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CIFR shares.
View CIFR analyst ratings or view top-rated stocks.
What is Cipher Mining's stock price target for 2024?: 7 brokers have issued 12 month price targets for Cipher Mining's stock. Their CIFR share price targets range from $4.50 to $6.00. On average, they predict the company's share price to reach $5.25 in the next year. This suggests a possible upside of 36.7% from the stock's current price.
View analysts price targets for CIFR or view top-rated stocks among Wall Street analysts.
How have CIFR shares performed in 2024?: Cipher Mining's stock was trading at $4.13 at the beginning of 2024. Since then, CIFR stock has decreased by 7.0% and is now trading at $3.84.
View the best growth stocks for 2024 here.
Are investors shorting Cipher Mining?: Cipher Mining saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,060,000 shares, a decline of 19.5% from the March 15th total of 17,460,000 shares. Based on an average daily trading volume, of 9,120,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 9.4% of the shares of the stock are sold short.
View Cipher Mining's Short Interest.
When is Cipher Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CIFR earnings forecast.
How can I listen to Cipher Mining's earnings call?: Cipher Mining will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cipher Mining's earnings last quarter?: Cipher Mining Inc. (NASDAQ:CIFR) issued its quarterly earnings data on Tuesday, March, 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The company earned $43.42 million during the quarter, compared to analyst estimates of $35.73 million. Cipher Mining had a negative net margin of 20.32% and a negative trailing twelve-month return on equity of 6.78%.
What ETFs hold Cipher Mining's stock?: ETFs with the largest weight of Cipher Mining (NASDAQ:CIFR) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), Schwab Crypto Thematic ETF (STCE), VanEck Digital Transformation ETF (DAPP), iShares Blockchain and Tech ETF (IBLC), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), Bitwise Crypto Industry Innovators ETF (BITQ), Grayscale Future of Finance ETF (GFOF) and Invesco Alerian Galaxy Crypto Economy ETF (SATO).
Who are Cipher Mining's major shareholders?: Cipher Mining's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Hennion & Walsh Asset Management Inc. (0.04%) and Wealth Enhancement Advisory Services LLC (0.04%). Insiders that own company stock include Cary M Grossman, Top Holdco BV Bitfury, Tyler Page and William Iwaschuk.
View institutional ownership trends.
How do I buy shares of Cipher Mining?: Shares of CIFR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CIFR) was last updated on 4/19/2024 by MarketBeat.com Staff

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Cipher Mining (CIFR) Stock Price, News & Analysis

Cipher Mining MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cipher Mining Stock (NASDAQ:CIFR)

CIFR Stock Price History

CIFR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CIFR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™