NASDAQ:CIFR

Cipher Mining (CIFR) Stock Price, News & Analysis

$4.50
+0.07 (+1.58%)
(As of 04/26/2024 ET)
Today's Range
$4.39
$4.62
50-Day Range
$2.85
$5.33
52-Week Range
$1.76
$5.75
Volume
3.51 million shs
Average Volume
6.04 million shs
Market Capitalization
$1.33 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.25

Cipher Mining MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
16.7% Upside
$5.25 Price Target
Short Interest
Healthy
7.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Cipher Mining in the last 14 days
Based on 14 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.

1.15 out of 5 stars

Business Services Sector

262nd out of 310 stocks

Nondepository Credit Institutions Industry

37th out of 45 stocks

CIFR stock logo

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

CIFR Stock News Headlines

Beyond the Halving: The Future of Bitcoin Mining Stocks
Bitcoin (BTC) is the pioneering cryptocurrency that has revolutionized the fintech sector since its inception in 2009. Underpinning this digital currency is a decentralized ledger known as the blockchain, which records all transactions and ensures the system's integrity.
Beyond the Halving: The Future of Bitcoin Mining Stocks (CIFR)
The Bitcoin halving event presents challenges and opportunities for mining companies, necessitating adaptation and innovation to thrive in the evolving sector.
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Cipher Mining (NASDAQ:CIFR) Stock Price Down 2.7%
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Cipher Mining Inc CIFR
Cipher Mining: Liquid And Worth A Look
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See More Headlines
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Company Calendar

Last Earnings
3/05/2024
Today
4/26/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:CIFR
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
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$-25,780,000.00
Pretax Margin
-17.51%

Debt

Sales & Book Value

Annual Sales
$126.84 million
Cash Flow
$0.13 per share
Book Value
$1.93 per share

Miscellaneous

Free Float
289,822,000
Market Cap
$1.33 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

CIFR Stock Analysis - Frequently Asked Questions

Should I buy or sell Cipher Mining stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cipher Mining in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 1-year price targets for Cipher Mining's stock. Their CIFR share price targets range from $4.50 to $6.00. On average, they anticipate the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 16.7% 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 increased by 9.0% and is now trading at $4.50.
View the best growth stocks for 2024 here
.

Are investors shorting Cipher Mining?

Cipher Mining saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 13,340,000 shares, a drop of 5.1% from the March 31st total of 14,060,000 shares. Based on an average daily trading volume, of 8,920,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 7.8% of the company's 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 results on Tuesday, March, 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business 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%.

Who are Cipher Mining's major shareholders?

Cipher Mining's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Simplex Trading LLC (0.00%), 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 4/27/2024 by MarketBeat.com Staff

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