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Tuesday, June 6, 2023

Cipher Mining Inc. (NASDAQ: CIFR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cipher Mining Inc. (CIFR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 2.08%, to $2.45. The Cipher Mining Inc. has recorded 13,820 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cipher Mining Announces April 2023 Operational Update.

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Stocks Info

Cipher Mining Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $2.40 and fluctuated between $2.4100 as its day high and $2.1250 as its day low. The current market capitalization of Cipher Mining Inc. is $604.46M. A total of 0.84 million shares were traded on the day, compared to an average of 1.55M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CIFR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 6 SELLs from insiders. Insiders purchased 1,642,622 shares during that period but sold 1,738,007.

In the most recent transaction, Page Tyler sold 35,000 shares of CIFR for 0.82 per share on Dec 01. After the transaction, the Chief Executive Officer now owns 3,120,614 company shares. In a previous transaction on Sep 08, GROSSMAN CARY M bought 25,000 shares at 1.43 per share. CIFR shares that Director owns now total 270,266.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CIFR in the last 3 months, the mean price target is $3.50 with high estimates of $4.00 and low estimates of $3.00. In terms of 52-week highs and lows, CIFR has a high of $3.32 and a low of $0.38.

As of this writing, CIFR has an earnings estimate of $-0.02 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.05 per share and a lower estimate of $-0.05. The company reported an EPS of $0.24 in the last quarter, which was 442.90% higher than expectations of $-0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CIFR’s latest balance sheet shows that the firm has $209.84M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $499.25k in liabilities at the time. Its Book Value Per Share was $1.39, while its Total Shareholder’s Equity was $353.53M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIFR is Buy with a score of 4.75. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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