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NASDAQ:CIFR

Cipher Mining (CIFR) Stock Price, News & Analysis

$5.61
+0.28 (+5.25%)
(As of 10:42 AM ET)
Today's Range
$5.26
$5.75
50-Day Range
$2.29
$5.33
52-Week Range
$1.76
$5.75
Volume
4.21 million shs
Average Volume
9.28 million shs
Market Capitalization
$1.66 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
1.5% Downside
$5.25 Price Target
Short Interest
Bearish
11.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Cipher Mining in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.22) to $0.21 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.

0.29 out of 5 stars

Business Services Sector

301st out of 312 stocks

Nondepository Credit Institutions Industry

41st out of 46 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

Here's Why Bitcoin Miners Stopped Rising With Bitcoin Prices
Prior to the approval of the spot bitcoin ETFs like iShares Bitcoin Trust NASDAQ: IBIT, traders would trade the Bitcoin miners and the cryptocurrency exchanges like Coinbase Global Inc. NASDAQ: COIN to benefit from the rise in Bitcoin prices. When the price of Bitcoin spiked, so did the stocks of Bitcoin miners in the business services sector.
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices (CIFR)
The upcoming halving event in Bitcoin is reversing the normal positive correlation between bitcoin mining stocks and the spot price of bitcoin
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
3 'Strong Buy' Growth Stocks to Scoop Up Now
Cipher Mining (NASDAQ:CIFR) Shares Down 5.8%
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Cipher Mining (NASDAQ:CIFR) Shares Gap Up to $4.10
CIFR Quantitative Stock Analysis
CIFR Sep 2024 2.500 call
CIFR Sep 2024 3.500 put
Beyond The Numbers: 8 Analysts Discuss Cipher Mining Stock
CIFR Mar 2024 5.000 call
CIFR Mar 2024 7.000 put
See More Headlines
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Company Calendar

Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
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
-1.5%
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
$0.14 per share
Book Value
$1.93 per share

Miscellaneous

Free Float
289,822,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
2.06
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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 research 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 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 Wall Street analysts have issued 1 year price targets for Cipher Mining's shares. Their CIFR share price targets range from $4.50 to $6.00. On average, they anticipate the company's share price to reach $5.25 in the next year. This suggests that the stock has a possible downside of 1.5%.
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 the year. Since then, CIFR shares have increased by 29.1% and is now trading at $5.33.
View the best growth stocks for 2024 here
.

Are investors shorting Cipher Mining?

Cipher Mining saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 17,460,000 shares, an increase of 34.4% from the February 29th total of 12,990,000 shares. Based on an average daily volume of 10,550,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 11.6% of the company's shares 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 14th 2024.
View our CIFR earnings forecast
.

Who are Cipher Mining's major shareholders?

Cipher Mining's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (1.37%), Vanguard Group Inc. (1.18%), First Financial Bankshares Inc (0.94%), Van ECK Associates Corp (0.77%), Vident Advisory LLC (0.45%) and Mirae Asset Global Investments Co. Ltd. (0.27%). 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 3/28/2024 by MarketBeat.com Staff

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