Agrify (NASDAQ:AGFY) and Cipher Mining (NASDAQ:CIFR) Critical Review

Agrify (NASDAQ:AGFY) and Cipher Mining (NASDAQ:CIFR) are both business services companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, dividends, valuation, institutional ownership, profitability and risk.

Analyst Ratings

This is a summary of current ratings for Agrify and Cipher Mining, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Agrify	0	0	0	0	0.00
Cipher Mining	1	1	12	0	2.79

Cipher Mining has a consensus price target of $24.73, indicating a potential upside of 39.56%. Given Cipher Mining’s stronger consensus rating and higher probable upside, analysts plainly believe Cipher Mining is more favorable than Agrify.

Institutional and Insider Ownership

6.0% of Agrify shares are owned by institutional investors. Comparatively, 12.3% of Cipher Mining shares are owned by institutional investors. 2.2% of Agrify shares are owned by company insiders. Comparatively, 2.6% of Cipher Mining shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Risk & Volatility

Agrify has a beta of 9.96, suggesting that its stock price is 896% more volatile than the S&P 500. Comparatively, Cipher Mining has a beta of 2.94, suggesting that its stock price is 194% more volatile than the S&P 500.

Profitability

This table compares Agrify and Cipher Mining’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Agrify	-424.11%	-185.90%	-72.67%
Cipher Mining	-34.16%	-9.57%	-5.01%

Valuation & Earnings

This table compares Agrify and Cipher Mining”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Agrify	$12.26 million	2.96	-$41.75 million	($22.65)	-0.80
Cipher Mining	$151.27 million	46.28	-$44.63 million	($0.18)	-98.44

Agrify has higher earnings, but lower revenue than Cipher Mining. Cipher Mining is trading at a lower price-to-earnings ratio than Agrify, indicating that it is currently the more affordable of the two stocks.

Summary

Cipher Mining beats Agrify on 11 of the 14 factors compared between the two stocks.

About Agrify

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. The company also provides associated services comprising consulting, engineering, and construction. In addition, the company offers hydrocarbon, alcohol, solventless, post-processing, and lab equipment, as well as provides indoor farming solutions. In addition, it offers equipment and services in a contract and purchase order. The company was formerly known as Agrinamics, Inc. and changed its name to Agrify Corporation in September 2019. Agrify Corporation was incorporated in 2016 and is headquartered in Troy, Michigan.

About Cipher Mining

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.