Investing In Cipher Mining Inc (NASDAQ: CIFR): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update.

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Stocks Info

The company is listed on the NASDAQ and operates within the Capital Markets industry segment. The current market capitalization of Cipher Mining Inc is $936.91M. A total of 8.41 million shares were traded on the day, compared to an average of 10.39M shares.

In the most recent transaction, Bitfury Top HoldCo B.V. sold 10,000,000 shares of CIFR for 2.95 per share on Nov 09 ’23. After the transaction, the 10% Owner now owns 191,931,387 company shares. In a previous transaction on Aug 17 ’23, Kelly Patrick Arthur sold 35,000 shares at 3.19 per share. CIFR shares that Co-President and COO owns now total 235,351.

Among the insiders who sold shares, Kelly Patrick Arthur disposed of 15,000 shares on Aug 16 ’23 at a per-share price of $3.32. This resulted in the Co-President and COO holding 270,351 shares of CIFR after the transaction. In another insider transaction, Iwaschuk William sold 100,000 shares at $3.58 per share on Aug 10 ’23. Company shares held by the Co-President and CLO now total 173,989.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CIFR has a high of $5.60 and a low of $1.26.

As of this writing, CIFR has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.07 in the last quarter, which was -40.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $499.00k in liabilities at the time. Its Book Value Per Share was $1.69, while its Total Shareholder’s Equity was $353.53M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 4.57.

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